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Subsequent Events
12 Months Ended
Dec. 31, 2013
Notes To Financial Statements [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
 
Acquisitions
 
On January 15, 2014, we closed on the purchase of the 312-unit Grand Cypress apartment community located in Cypress (Houston), Texas. This property was previously a part of our Fund II Joint Venture.

On January 31, 2014, we closed on the purchase of the 250-unit Venue at Stonebridge Ranch apartment community located in McKinney (Dallas), Texas. This property was previously a part of our Fund II Joint Venture.

Dispositions
 
On January 15, 2014, we closed on the sale of the 285-unit Willow Creek apartment community located in Columbus, Georgia.