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Acquisition, Development, Construction and Disposition Activity (Details) (USD $)
0 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended
Feb. 24, 2014
Dec. 31, 2013
Properties
Units
Dec. 31, 2012
Properties
Dec. 31, 2011
Dec. 31, 2013
The Apartments at Blakeney [Member]
Oct. 10, 2013
The Apartments at Blakeney [Member]
Units
Dec. 31, 2013
Edge [Member]
Dec. 31, 2013
350 Eighth [Member]
Units
acre
Dec. 31, 2011
The Brixton [Member]
Oct. 17, 2011
The Brixton [Member]
Units
Dec. 31, 2013
NorthwoodRavinPortfolio [Member]
Units
Sep. 30, 2013
NorthwoodRavinPortfolio [Member]
Properties
Sep. 30, 2011
Dwell Vienna Metro [Member]
Aug. 09, 2011
Dwell Vienna Metro [Member]
Units
Jun. 30, 2011
Waterstone at Wellington [Member]
Jun. 15, 2011
Waterstone at Wellington [Member]
Units
Dec. 31, 2013
Vista Germantown [Member]
Communities
Dec. 31, 2013
GEORGIA
Properties
Dec. 31, 2012
GEORGIA
Properties
Dec. 31, 2013
OHIO
Properties
Dec. 31, 2012
OHIO
Properties
Dec. 31, 2011
OHIO
Properties
Dec. 31, 2013
FLORIDA
Properties
Dec. 31, 2012
MICHIGAN
Properties
Dec. 31, 2013
Hancock Real Estate Strategies [Member]
Dec. 31, 2012
Hancock Real Estate Strategies [Member]
Dec. 31, 2013
Future Development [Member]
Units
Dec. 31, 2013
Future Development [Member]
350 Eighth [Member]
Units
Dec. 31, 2013
Monrovia [Member]
Future Development [Member]
Units
Business Acquisition [Line Items]                                                          
Costs associated with acquisitions   $ 524,000                                                      
Number of Real Estate Properties to Acquire                       7                                  
Acquisition cost   80,200,000     53,180,000 [1]     46,600,000 21,000,000 [2]   323,900,000   82,600,000   32,820,000                            
Assumed loan   28,000,000 [3],[4],[5] 27,589,000 [5] 12,892,000 [5]   28,000,000     12,300,000 12,300,000                                      
Deposits on potential future acquisitions   17,943,000 4,500,000       4,000,000       13,200,000                                    
Lease up period   18 months                                                      
Termination Fee   8,000,000                                                      
Equity interest                                                         50.00%
Apartment units owned   13,676       295 [1]   410   224 [2] 962     250   222 242                   626 [6] 410 [6],[7] 154 [6]
Area of land               3.36                                          
Property Dispositions   4 6                             1 1 2 1 2 1 4          
Proceeds from sale of property 60,000,000 139,000,000 67,300,000                                     30,500,000              
Gain on disposition of property 40,000,000.0 52,800,000 26,800,000                                     14,600,000              
Related party commissions   1,100,000 1,600,000                                                    
Related party transaction amount                                                 $ 130,900,000 $ 104,600,000      
[1] Purchase price includes assumed $24.9 million loan, with a fair value of $27.6 million
[2] Purchase price includes assumed $12.3 million loan, with a fair value of $12.9 million
[3] Fair value amount of loan assumed in 2011 at the time of acquisition; actual principal amount of loan assumed was $12.3 million.
[4] Fair value amount of loan assumed in 2012 at the time of acquisition; actual principal amount of loan assumed was
[5] Fair value was equal to principal amount of loan assumed in 2013 at the time of acquisition.
[6] Based on current projections as of February 4, 2014.
[7] On February 3, 2014 we entered into a 50/50 equity joint venture with AIG Global Real Estate to develop and own this property. See Note 19 for additional information.