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Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Tables) | 6 Months Ended
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Jun. 30, 2015
Accounting Policies [Abstract] |
Schedule of unamortized below market leases and in-place leases [Table Text Block] | The carrying values of below market leases and in-place leases at June 30, 2015 and December 31, 2014 are as follows:
(in millions) | June 30, 2015 |  | December 31, 2014
Below market leases (Gross carrying value) | $ | 0.5 |  |  | $ | 0.5 |
Accumulated amortization | (0.5 | ) |  | (0.4 | )
Value of below market leases, net | $ | — |  |  | $ | 0.1 |
In-place leases (Gross carrying value) | $ | 3.0 |  |  | $ | 3.0 |
Accumulated amortization | (3.0 | ) |  | (2.5 | )
Value of in-place leases, net | $ | — |  |  | $ | 0.5 |
Revenues recognized related to below market leases and amortization expense related to in-place leases [Table Text Block] | Revenues recognized related to below market leases and amortization expense related to in-place leases for the three and six months ended June 30, 2015 and 2014 are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Revenues related to below market leases |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.2 |
Amortization of in-place leases |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.5 |  |  | $ | 1.2 |
Expected useful lives of depreciable property | Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows:
| Estimated Useful Life
Buildings and improvements | 5-35 years
Furniture, fixtures, equipment, and other | 3-20 years
Intangible assets/liabilities (in-place leases and below market leases) | underlying lease term

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- Definition Expected useful lives of depreciable property including buildings and improvements, furniture, fixtures, equipment and other, and intangible assets such as in-place leases and above and below market leases. + References No definition available. + Details
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- Definition Tabular disclosure of the revenues recognized related to above or below market leases and amortization expense related to in-place leases from acquired multifamily communities for the periods presented. + References No definition available. + Details
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- Definition Tabular disclosure of the unamortized above or below market leases and in-place leases as of the end of the period. + References No definition available. + Details
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- References No definition available. + Details
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