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Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2012
Notes To Financial Statements [Abstract]
Subsequent Events	Subsequent Events Real Estate Acquisitions On July 23, 2012, we closed on the purchase of Allure at Brookwood, a 349 unit community located in Atlanta, Georgia. Real Estate Dispositions On July 25, 2012, we closed on the sale of the 150 unit Westbury Springs apartment community located in Lilburn, (Atlanta) Georgia. On July 25, 2012, we closed on the sale of the 320 unit Hidden Lake apartment community located in Union City, (Atlanta) Georgia. On July 26, 2012, we closed on the sale of the 124 unit Park Walk apartment community located in College Park, (Atlanta) Georgia. On August 1, 2012, we closed on the sale of the 200 unit TPC Florence apartment community located in Florence, (Louisville) Kentucky. Financing Activity On July 26, 2012, we expanded our Key Bank line of credit from $250 million to $325 million. On July 8, 2012, we paid off the balance of $9.1 million on the mortgage for TPC at Florence. On July 17, 2012, we received an investment grade rating (Baa2) from Moody's rating service. This new rating, combined with the existing BBB rating from Fitch Ratings, allows the Company's unsecured credit facility and unsecured term loan to revert to a “built-in” investment grade pricing option, effectively reducing costs of outstanding borrowings between 30bps and 40bps below the pricing in effect at the end of the first quarter.