Non-controlling Interests	3 Months Ended
Non-controlling Interests	Mar. 31, 2015
Noncontrolling Interest [Abstract]
Non-Controlling Interests	Non-Controlling Interests The Company is the sole general partner of the OP and holds the majority of OP units. As of March 31, 2015 and December 31, 2014, the Advisor and SLP held 4,270,841 OP units and 8,880,579 unvested LTIP units. There were $0.5 million of distributions paid to OP unit and LTIP unit holders during the three months ended March 31, 2015. No distributions were paid to OP unit holders during the three months ended March 31, 2014. A holder of OP units has the right to distributions and has the right convert OP units for the cash value of a corresponding number of shares of the Company's common stock or a corresponding number of shares of the Company's common stock, at the Company's election, in accordance with the limited partnership agreement of the OP. The remaining rights of the holders of OP units are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets. The Company is the controlling member of the limited liability company that owns the 163 Washington Avenue Apartments, acquired in September 2012. The Company has the sole voting rights under the operating agreement of this limited liability company. The non-controlling members' aggregate initial investment balance of $0.5 million will be reduced by the dividends paid to each non-controlling member. No dividends were paid during the three months ended March 31, 2015 or 2014.

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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