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Investments in Real Estate Entities (Details) (USD $)
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12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2012
home
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2012
Fund I
loan
item
community
option
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Dec. 31, 2012
Fund I
Avalon Lakeside
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Dec. 31, 2012
Fund I
Avalon Poplar Creek
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Dec. 31, 2012
Fund I
Avalon Lombard
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Dec. 31, 2012
Fund I
Avalon Paseo Place
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Dec. 31, 2012
Fund I
Avalon Skyway
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Dec. 31, 2012
Fund I
Avalon at Aberdeen Station
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Dec. 31, 2012
Fund II
investor
loan
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Dec. 31, 2012
Fund II
Avalon Watchung
home
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Dec. 31, 2012
CVP I, LLC
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Dec. 31, 2011
CVP I, LLC
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Dec. 31, 2010
CVP I, LLC
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Feb. 29, 2004
CVP I, LLC
item
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Dec. 31, 2012
MVP I, LLC
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Dec. 31, 2011
MVP I, LLC
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Dec. 31, 2010
MVP I, LLC
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Dec. 31, 2004
MVP I, LLC
item
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Dec. 31, 2011
Aria at Hathorne Hill, LLC
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Jun. 30, 2007
Aria at Hathorne Hill, LLC
item
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Feb. 29, 2012
4.61% fixed-rate mortgage note
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Dec. 31, 2012
Variable rate bonds maturing in November 2036
CVP I, LLC
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Dec. 31, 2012
6.02% fixed-rate mortgage note
MVP I, LLC
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Jul. 31, 2012
Avalon Del Rey
home
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Dec. 31, 2012
Arna Valley View LP
home
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Dec. 31, 2012
Arna Valley View LP
Variable rate notes
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Dec. 31, 2012
Arna Valley View LP
Fixed rate notes
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Jun. 30, 2012
Eaves Cerritos
home
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Feb. 29, 2012
The Mark Pasadena
home
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Dec. 31, 2012
Eaves Burlington
home
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| Investment in Real Estate Entities | ||||||||||||||||||||||||||||||||
| Number of apartment homes | 361 | 313 | 64 | 101 | ||||||||||||||||||||||||||||
| Debt outstanding | $ 254,354,000 | $ 490,078,000 | $ 117,000,000 | $ 105,000,000 | $ 5,678,000 | $ 5,963,000 | ||||||||||||||||||||||||||
| Percentage of pro rate share of amount paid related to guaranteed obligations will reimburse by partner | 80.00% | |||||||||||||||||||||||||||||||
| Number of extension options | 2 | |||||||||||||||||||||||||||||||
| Period of extension | 1 year | |||||||||||||||||||||||||||||||
| Equity investment, net of distributions and excluding the purchase of mortgage note secured | 21,121,000 | 107,938,000 | 63,000,000 | 23,621,000 | ||||||||||||||||||||||||||||
| Combined general partner and limited partner equity interest (as a percent) | 15.20% | 31.30% | 20.00% | 25.00% | 50.00% | 0.01% | ||||||||||||||||||||||||||
| Distributions percentage after achievement of a threshold return | 50.00% | |||||||||||||||||||||||||||||||
| Percentage of apartment homes for which affordable rents are available with community | 100.00% | |||||||||||||||||||||||||||||||
| Debt interest rate | 4.00% | |||||||||||||||||||||||||||||||
| Percentage of homes built and sold | 30.00% | |||||||||||||||||||||||||||||||
| Impairment of investment in an unconsolidated joint venture | 1,955,000 | |||||||||||||||||||||||||||||||
| Acquisition of mortgage note | 1,700,000 | |||||||||||||||||||||||||||||||
| Number of operating apartment communities sold | 6 | |||||||||||||||||||||||||||||||
| Proceeds from sale of real estate | 20,500,000 | 27,200,000 | 35,450,000 | 30,900,000 | 90,000,000 | 66,250,000 | ||||||||||||||||||||||||||
| Gain on sale of communities | 106,195,000 | 22,246,000 | 7,971,000 | |||||||||||||||||||||||||||||
| Equity in income of unconsolidated entities | 20,914,000 | 5,120,000 | 762,000 | 7,971,000 | 5,394,000 | 4,493,000 | 4,368,000 | 493,000 | (626,000) | (881,000) | ||||||||||||||||||||||
| Number of loans secured by individual assets | 13 | 14 | ||||||||||||||||||||||||||||||
| Maximum amount that will be paid for capital contributions made by partners (as a percent) | 10.00% | 10.00% | ||||||||||||||||||||||||||||||
| Maximum amount that will be paid for capital contributions made by partners | 7,500,000 | 8,910,000 | ||||||||||||||||||||||||||||||
| Number of institutional investors | 9 | 6 | ||||||||||||||||||||||||||||||
| Number of apartment homes included in joint venture apartment communities owned | 52,792 | 309 | ||||||||||||||||||||||||||||||
| Ownership interest acquired (as a percent) | 30.00% | |||||||||||||||||||||||||||||||
| Repayment of secured debt | 43,606,000 | |||||||||||||||||||||||||||||||
| Acquisition of joint venture partner additional equity interest | 3,350,000 | 9,070,000 | 67,200,000 | |||||||||||||||||||||||||||||
| Ownership additional interest acquired (as a percent) | 70.00% | |||||||||||||||||||||||||||||||
| Promoted interest in unconsolidated equities | 4,055,000 | |||||||||||||||||||||||||||||||
| Gain on acquisition of unconsolidated entity | 14,194,000 | 14,194,000 | ||||||||||||||||||||||||||||||
| Number of apartment homes acquired | 334 | 151 | 84 | 203 | ||||||||||||||||||||||||||||
| Purchase price | 29,500,000 | 19,400,000 | 40,250,000 | |||||||||||||||||||||||||||||
| Mortgage notes assumed | $ 11,958,000 | |||||||||||||||||||||||||||||||
| Stated interest rate, percentage | 4.61% | 6.02% | ||||||||||||||||||||||||||||||