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Real Estate - Narrative (Details)
12 Months Ended 17 Months Ended 37 Months Ended
Dec. 21, 2018
USD ($)
Dec. 12, 2018
USD ($)
Nov. 30, 2018
USD ($)
Feb. 28, 2018
USD ($)
Jan. 31, 2018
USD ($)
apartment_community
Jan. 05, 2018
USD ($)
Nov. 15, 2017
USD ($)
apartment_community
Nov. 10, 2017
apartment_community
Mar. 14, 2014
USD ($)
apartment
Dec. 19, 2013
USD ($)
apartment
Nov. 20, 2013
USD ($)
apartment
Sep. 30, 2013
USD ($)
apartment
Jun. 18, 2013
USD ($)
apartment
Nov. 30, 2012
USD ($)
apartment
Dec. 31, 2018
USD ($)
ft²
apartment
property
customer
Dec. 31, 2017
USD ($)
customer
Dec. 31, 2016
USD ($)
Jul. 03, 2013
USD ($)
May 16, 2014
USD ($)
Real Estate Properties [Line Items]                                      
Payments to acquire real estate                             $ 9,564,647 $ 16,401,961 $ 28,268,601    
Number of multifamily real estate properties owned | property                             2        
Number of units in real estate property (in number of units or apartments) | apartment                             744        
Purchase price                             $ 1,017,661,219        
Average percentage of real estate portfolio occupied                             94.30% 93.80%      
Average monthly collected rent                             $ 1,068 $ 1,037      
Depreciation and amortization                             $ 46,109,794 $ 67,755,152 69,513,484    
Customer Concentration Risk [Member] | Tenant [Member]                                      
Real Estate Properties [Line Items]                                      
Number of tenant representing over 10% of Company's annualized base rent | customer                             0 0      
Accounts Payable and Accrued Liabilities [Member]                                      
Real Estate Properties [Line Items]                                      
Security deposit liability                             $ 2,868,600 $ 3,339,602      
Maximum [Member]                                      
Real Estate Properties [Line Items]                                      
Operating lease term                             1 year        
Residential Real Estate [Member]                                      
Real Estate Properties [Line Items]                                      
Number of multifamily real estate properties owned | property                             35        
Number of units in real estate property (in number of units or apartments) | apartment                             9,442        
Percentage of units leased                             95.50%        
Operating leases, revenue, percentage                             99.00% 99.00%      
Residential Real Estate [Member] | Maximum [Member]                                      
Real Estate Properties [Line Items]                                      
Operating lease term                             12 months        
Commercial Real Estate [Member]                                      
Real Estate Properties [Line Items]                                      
Number of multifamily real estate properties owned | property                             2        
Net rentable area (in square feet) | ft²                             21,130        
Operating leases, revenue, percentage                             1.00% 1.00%      
Commercial Real Estate [Member] | Minimum [Member]                                      
Real Estate Properties [Line Items]                                      
Operating lease term                             4 months 29 days        
Commercial Real Estate [Member] | Maximum [Member]                                      
Real Estate Properties [Line Items]                                      
Operating lease term                             6 years 3 months        
Building and Improvements [Member]                                      
Real Estate Properties [Line Items]                                      
Depreciation                             $ 44,189,723 $ 67,601,984 69,360,316    
Tenant Origination and Absorption Cost [Member]                                      
Real Estate Properties [Line Items]                                      
Amortization                             $ 1,766,904        
Weighted-average amortization period                             1 year        
Real Estate Investment [Member]                                      
Real Estate Properties [Line Items]                                      
Amortization                               0      
Other Intangible Assets [Member]                                      
Real Estate Properties [Line Items]                                      
Amortization                             $ 153,167 153,168 153,168    
Weighted-average amortization period                             18 years 2 months 1 day        
Joint Venture Arrangement with Blackstone Real Estate Income Trust, Inc. [Member]                                      
Real Estate Properties [Line Items]                                      
Gain on sale             $ 38,523,427                        
SIR Land Holdings, LLC [Member] | Joint Venture Arrangement with Blackstone Real Estate Income Trust, Inc. [Member]                                      
Real Estate Properties [Line Items]                                      
Number of properties contributed | apartment_community         8   12 20                      
Ownership percentage               10.00%                      
BREIT LP [Member] | Joint Venture Arrangement with Blackstone Real Estate Income Trust, Inc. [Member]                                      
Real Estate Properties [Line Items]                                      
Ownership percentage               90.00%                      
First Closing Properties [Member] | Joint Venture Arrangement with Blackstone Real Estate Income Trust, Inc. [Member]                                      
Real Estate Properties [Line Items]                                      
Payments to acquire real estate                                     $ 318,576,792
Proceeds from sale             $ 335,430,000                        
Gain on sale             76,135,530                        
Second Closing Properties [Member] | Joint Venture Arrangement with Blackstone Real Estate Income Trust, Inc. [Member]                                      
Real Estate Properties [Line Items]                                      
Payments to acquire real estate                                   $ 117,240,032  
Ownership percent sold         90.00%                            
Proceeds from sale             $ 125,370,000                        
Discontinued Operations, Disposed of by Sale [Member]                                      
Real Estate Properties [Line Items]                                      
Depreciation and amortization                             $ 4,391,426 $ 30,106,602 $ 32,827,001    
Discontinued Operations, Disposed of by Sale [Member] | The Moorings Property [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                           216          
Payments to Acquire Businesses, Gross                           $ 20,250,000          
Consideration           $ 28,100,000                          
Gross profit (loss)           $ 9,658,823                          
Discontinued Operations, Disposed of by Sale [Member] | Arrowhead Property [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                           200          
Payments to Acquire Businesses, Gross                           $ 16,750,000          
Consideration         $ 23,600,000                            
Gross profit (loss)         $ 8,928,691                            
Discontinued Operations, Disposed of by Sale [Member] | Willow Crossing [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                     579                
Payments to Acquire Businesses, Gross                     $ 58,000,000                
Consideration       $ 79,000,000                              
Gross profit (loss)       $ 24,136,113                              
Discontinued Operations, Disposed of by Sale [Member] | Mapleshade Park [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                 148                    
Payments to Acquire Businesses, Gross                 $ 23,325,000                    
Consideration     $ 30,750,000                                
Gross profit (loss)     $ 9,628,549                                
Discontinued Operations, Disposed of by Sale [Member] | Echo at Katy Ranch [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                   260                  
Payments to Acquire Businesses, Gross                   $ 35,100,000                  
Consideration   $ 35,100,000                                  
Gross profit (loss)   $ 5,072,584                                  
Discontinued Operations, Disposed of by Sale [Member] | Heights at 2121 [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                       504              
Payments to Acquire Businesses, Gross                       $ 37,000,000              
Consideration $ 47,000,000                                    
Gross profit (loss) 14,394,129                                    
Discontinued Operations, Disposed of by Sale [Member] | The Lodge at Trails Edge [Member]                                      
Real Estate Properties [Line Items]                                      
Number of units in real estate property (in number of units or apartments) | apartment                         268            
Payments to Acquire Businesses, Gross                         $ 18,400,000            
Consideration 24,000,000                                    
Gross profit (loss) $ 7,873,302