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Related party transactions (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Sep. 30, 2013
Sponsor
Sep. 30, 2013
Sponsor
Sep. 30, 2014
Sponsor
Dec. 31, 2013
Sponsor
Sep. 30, 2014
Sponsor
Class A common shares
Dec. 31, 2013
Sponsor
Class A common shares
Sep. 30, 2014
Sponsor
Class B common shares
Dec. 31, 2013
Sponsor
Class B common shares
Sep. 30, 2014
Sponsor
Agreement on Investment Opportunities
Sep. 30, 2013
Sponsor
Agreement on Investment Opportunities
Sep. 30, 2014
Sponsor
Agreement on Investment Opportunities
Sep. 30, 2013
Sponsor
Agreement on Investment Opportunities
Nov. 30, 2012
Sponsor
Agreement on Investment Opportunities
Sep. 30, 2013
Advisor
Sep. 30, 2013
Advisor
Nov. 30, 2012
Property Manager
Sep. 30, 2013
Property Manager
Sep. 30, 2013
Property Manager
Sep. 30, 2014
MMI
Sep. 30, 2013
MMI
Sep. 30, 2014
MMI
Sep. 30, 2013
MMI
Sep. 30, 2014
Operating Partnership
Sponsor
Class A Units
Dec. 31, 2013
Operating Partnership
Sponsor
Class A Units
Sep. 30, 2014
Operating Partnership
Sponsor
Series C Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series C Convertible Units
Sep. 30, 2014
Operating Partnership
Sponsor
Series D Convertible Units
Dec. 31, 2013
Operating Partnership
Sponsor
Series D Convertible Units
Sep. 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)               21.70% 24.60% 3.30% 3.70%                                 6.10% 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 $ 10,170,000   $ 10,170,000   $ 0     $ 10,200,000                                                      
Receivable from sponsor                 4,500,000                                                    
Administrative expenses paid to related party 0 0 0 6,352,000   0 1,000,000                       0 6,400,000       11,200,000 7,200,000 30,300,000 8,400,000                
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                                           0 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                           31,800,000 22,900,000 58,600,000 95,300,000                                    
Asset acquisition cost                           19,000,000 22,600,000 44,600,000 92,700,000                                    
Property acquisition cost                           12,800,000 300,000 14,000,000 2,600,000                                    
Accrued acquisition and renovation fees                               4,400,000                                      
Accrued and unpaid reimbursable compensation and benefit costs $ 300,000   $ 300,000