XML 24 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions and Dispositions (Details 3) (USD $)
3 Months Ended 0 Months Ended 0 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Jun. 14, 2013
3.5% Convertible Perpetual Preferred Units
Mar. 31, 2014
3.5% Convertible Perpetual Preferred Units
Jun. 14, 2013
Class A Common Shares
Jun. 14, 2013
Sponsor
Class A Common Shares
Jun. 14, 2013
RJ LLC, RJ1 and RJ2
property
Jun. 14, 2013
RJ LLC
Jun. 14, 2013
RJ1
Jun. 14, 2013
RJ2
Acquisitions And Dispositions                    
Preferred Units converted into Class A units     653,492              
Rate of Preferred units     3.50% 3.50%            
Units issued upon conversion         653,492          
Common shares issue to Sponsor           705,167        
Units issue to Sponsor, value           $ 11,283,000        
Conversion ratio           1        
Ownership interest (as a percent)               100.00%    
Number of single-family properties             377      
Percentage of interest held                 67.00% 67.00%
Estimated fair values of the net assets                    
Land             10,340,000      
Building and improvements             54,123,000      
Value of in-place leases             539,000      
Cash and cash equivalents             1,128,000      
Other current assets and liabilities, net             (311,000)      
Note payable             (7,600,000)      
Noncontrolling interest             (39,321,000)      
Fair value of acquired net assets             18,898,000      
Supplemental consolidated pro forma total revenues and net income                    
Pro forma total revenues 77,278,000 14,279,000                
Pro forma net loss $ (6,935,000) $ (5,416,000)