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Related party transactions (Details) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Sponsor
Mar. 31, 2014
Sponsor
Dec. 31, 2013
Sponsor
Mar. 31, 2014
Sponsor
Class A common shares
Dec. 31, 2013
Sponsor
Class A common shares
Mar. 31, 2014
Sponsor
Class B common shares
Dec. 31, 2013
Sponsor
Class B common shares
Mar. 31, 2014
Sponsor
Agreement on Investment Opportunities
Mar. 31, 2013
Sponsor
Agreement on Investment Opportunities
Dec. 31, 2013
Sponsor
Agreement on Investment Opportunities
Nov. 30, 2012
Sponsor
Agreement on Investment Opportunities
Mar. 31, 2013
Advisor
Nov. 30, 2012
Property Manager
Mar. 31, 2013
Property Manager
Mar. 31, 2014
MMI
Mar. 31, 2014
Operating Partnership
Sponsor
Class A Units
Dec. 31, 2013
Operating Partnership
Sponsor
Class A Units
Mar. 31, 2014
Operating Partnership
Sponsor
Series C Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series C Convertible Units
Mar. 31, 2014
Operating Partnership
Sponsor
Series D Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series D Convertible Units
Mar. 31, 2014
Operating Partnership
Sponsor
Series E Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series E Convertible Units
Related Party Transaction                                                  
Equity interest rate (as a percent)       24.60% 24.60% 3.70% 3.70%                     6.90% 6.90%            
Shares owned               635,075 635,075                                
Units owned (in shares)                                   13,787,292 13,787,292 31,085,974 31,085,974 4,375,000 4,375,000 4,375,000 4,375,000
Payable to sponsor   $ 6,799,000   $ 6,800,000                                          
Receivable from sponsor         4,500,000                                        
Administrative expenses paid to related party 2,742,000   1,000,000                     2,700,000     9,000,000                
Property management fee, percentage of collected rent                             6.00%                    
Property management fee, percentage of lease annual rent                             50.00%                    
Fees incurred to the Property Manager                               200,000                  
Acquisition and renovation fee in percent                         5.00%                        
Termination or other fees payable in connection with the termination of agreement to provide services                   0                              
Monthly maintenance fee                   100,000                              
Acquisition and renovation fees                   17,600,000 27,900,000                            
Asset acquisition cost                   17,300,000 26,900,000                            
Property acquisition cost                   300,000 1,000,000                            
Accrued acquisition and renovation fees                   5,100,000   2,600,000                          
Accrued and unpaid reimbursable compensation and benefit costs $ 100,000