CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenue:
Management services (related party)	$ 113	$ 104
Interest and other	1,411	821
Total revenue	17,454	5,247
Expenses:
Property operating and maintenance	4,146	923
Real estate taxes	3,111	497
Homeowners’ association fees	460	153
Acquisition	67	1,775
Depreciation and amortization	9,464	3,140
General, administrative and other	3,720	2,537
Interest	4,230	371
Total expenses	25,198	9,396
Loss from continuing operations before equity in net (loss) income of unconsolidated ventures	(7,744)	(4,149)
Equity in net (loss) income of unconsolidated ventures	(50)	90
Net loss	(7,794)	(4,059)
Comprehensive loss	(7,794)	(4,059)
Net loss attributable to non-controlling interests	125	40
Comprehensive loss attributable to non-controlling interests	125	40
Net loss attributable to common stockholders	(7,669)	(4,019)
Comprehensive loss attributable to common stockholders	(7,669)	(4,019)
Basic and diluted loss per share:
Net loss attributable to common stockholders (dollars per share)	$ (0.24)	$ (0.22)
Weighted-average number of shares of common stock outstanding (in shares)	32,130,733	18,414,830
Self-managed rental revenue
Revenue:
Rental revenue	14,562	2,951
Preferred operator rental revenue
Revenue:
Rental revenue	$ 1,368	$ 1,371