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Related party transactions (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Sponsor
Jun. 30, 2013
Sponsor
Jun. 30, 2014
Sponsor
Dec. 31, 2013
Sponsor
Jun. 30, 2014
Sponsor
Class A common shares
Dec. 31, 2013
Sponsor
Class A common shares
Jun. 30, 2014
Sponsor
Class B common shares
Dec. 31, 2013
Sponsor
Class B common shares
Jun. 30, 2014
Sponsor
Agreement on Investment Opportunities
Jun. 30, 2013
Sponsor
Agreement on Investment Opportunities
Jun. 30, 2014
Sponsor
Agreement on Investment Opportunities
Jun. 30, 2013
Sponsor
Agreement on Investment Opportunities
Nov. 30, 2012
Sponsor
Agreement on Investment Opportunities
Jun. 30, 2013
Advisor
Jun. 30, 2013
Advisor
Nov. 30, 2012
Property Manager
Jun. 30, 2013
Property Manager
Jun. 30, 2013
Property Manager
Jun. 30, 2014
MMI
Jun. 30, 2013
MMI
Jun. 30, 2014
MMI
Jun. 30, 2013
MMI
Jun. 30, 2014
Operating Partnership
Sponsor
Class A Units
Dec. 31, 2013
Operating Partnership
Sponsor
Class A Units
Jun. 30, 2014
Operating Partnership
Sponsor
Series C Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series C Convertible Units
Jun. 30, 2014
Operating Partnership
Sponsor
Series D Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series D Convertible Units
Jun. 30, 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)           23.90% 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     $ 6,598,000     $ 6,600,000                                                      
Receivable from sponsor             4,500,000                                                    
Administrative expenses paid to related party 3,610,000 6,352,000   0 1,000,000                       3,700,000 6,400,000       10,100,000 1,200,000 19,100,000 1,200,000                
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                                       1,100,000 1,300,000                        
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                       9,200,000 44,500,000 26,800,000 72,400,000                                    
Asset acquisition cost                       8,300,000 43,200,000 25,600,000 70,100,000                                    
Property acquisition cost                       900,000 1,300,000 1,200,000 2,300,000                                    
Accrued acquisition and renovation fees                           1,900,000                                      
Accrued and unpaid reimbursable compensation and benefit costs     $ 700,000