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Acquisition, Development, Construction and Disposition Activity (Property Purchase) (Details) (USD $)
12 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2013
Units
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Lofts at Weston Lakeside [Member]
Nov. 19, 2013
Lofts at Weston Lakeside [Member]
Units
Dec. 31, 2013
St. Mary's Square [Member]
Nov. 18, 2013
St. Mary's Square [Member]
Units
Dec. 31, 2013
The Apartments at Blakeney [Member]
Oct. 10, 2013
The Apartments at Blakeney [Member]
Units
Sep. 30, 2013
Rienzi at Turtle Creek [Member]
Sep. 27, 2013
Rienzi at Turtle Creek [Member]
Units
Sep. 30, 2013
Doral West [Member]
Jul. 16, 2013
Doral West [Member]
Units
Dec. 31, 2013
Acquisitions in Year 2013 [Member]
Units
Sep. 30, 2012
The Park at Crossroads [Member]
Dec. 31, 2012
The Park at Crossroads [Member]
Aug. 28, 2012
The Park at Crossroads [Member]
Units
Sep. 30, 2012
21-Forty Medical District [Member]
Jul. 23, 2012
21-Forty Medical District [Member]
Units
Sep. 30, 2012
Southpoint Village [Member]
Jul. 17, 2012
Southpoint Village [Member]
Units
Jun. 30, 2012
The Apartments at the Arboretum [Member]
May 23, 2012
The Apartments at the Arboretum [Member]
Units
Jun. 30, 2012
Desmond's Tower [Member]
May 08, 2012
Desmond's Tower [Member]
Units
Dec. 31, 2012
Acquisitions in Year 2012 [Member]
Dec. 31, 2013
Acquisitions in Year 2012 [Member]
Units
Dec. 31, 2011
The Brixton [Member]
Oct. 17, 2011
The Brixton [Member]
Units
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, 2011
Acquisitions in Year 2011 [Member]
Dec. 31, 2012
Acquisitions in Year 2011 [Member]
Units
May 08, 2012
Parking Lot [Member]
Desmond's Tower [Member]
Business Acquisition [Line Items]                                                                        
Apartment units owned 13,676       215 [1]   134 [1]   295 [1]   152 [1]   388 [1] 1,184     344 [1]   396   211   205   0 [2]   1,156   224 [3]   250   222   696  
Acquisition cost $ 80,200,000     $ 38,300,000 [1]   $ 27,325,000 [1]   $ 53,180,000 [1]   $ 48,900,000 [1]   $ 93,500,000 [1]   $ 261,205,000 $ 35,200,000 [1]     $ 53,350,000   $ 34,800,000   $ 39,250,000   $ 20,000,000 [2]   $ 182,600,000   $ 21,000,000 [3]   $ 82,600,000   $ 32,820,000   $ 136,420,000    
Assumed loan 28,000,000 [4],[5],[6] 27,589,000 [4] 12,892,000 [4]           28,000,000             24,900,000 24,900,000                     12,300,000 12,300,000              
Mortgage loan assumed 28,000,000 [7] 27,589,000 [8] 12,892,000 [9]                           27,600,000 [4]                       12,900,000 [4]              
Parking lot $ 3,313,000 $ 3,197,000 $ 2,319,000                                                                 $ 17,300,000
[1] Purchase price includes assumed $24.9 million loan, with a fair value of $27.6 million
[2] In conjunction with our May 2012 acquisition of land for development of an apartment community, we acquired an operating commercial building. This amount represents the purchase price allocation of the commercial building component only. The purchase price allocation of $17.3 million, representing the parking lot to be used for development, is included in the "Consolidated Current Development" table within this Note.
[3] Purchase price includes assumed $12.3 million loan, with a fair value of $12.9 million
[4] Fair value was equal to principal amount of loan assumed in 2013 at the time of acquisition.
[5] Fair value amount of loan assumed in 2011 at the time of acquisition; actual principal amount of loan assumed was $12.3 million.
[6] Fair value amount of loan assumed in 2012 at the time of acquisition; actual principal amount of loan assumed was
[7] Principal balance on loan assumed in 2013 approximated fair value at time of acquisition.
[8] Fair value amount of loan assumed in 2012 at time of acquisition. The principal balance at time of acquisition was $24.9 million. Fair value was determined based on an interest rate of 3.1%.
[9] Fair value amount of loan assumed in 2011 at time of acquisition. The principal balance at time of acquisition was $12.3 million. Fair value was determined based on an interest rate of 4.5%.