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Summary of Information Concerning Indebtedness that Encumbered our Properties (Detail) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2014
Belle Creek Apartments
Dec. 31, 2013
Belle Creek Apartments
Sep. 30, 2014
Tresa At Arrowhead
Dec. 31, 2013
Tresa At Arrowhead
Sep. 30, 2014
Centrepoint Apartments
Dec. 31, 2013
Centrepoint Apartments
Sep. 30, 2014
Berkshire Square Apartments
Dec. 31, 2013
Berkshire Square Apartments
Sep. 30, 2014
Copper Mill Apartments
Dec. 31, 2013
Copper Mill Apartments
Sep. 30, 2014
Crestmont Apartments
Dec. 31, 2013
Crestmont Apartments
Sep. 30, 2014
Cumberland Glen Apartments
Dec. 31, 2013
Cumberland Glen Apartments
Sep. 30, 2014
Heritage Trace Apartments
Dec. 31, 2013
Heritage Trace Apartments
Sep. 30, 2014
Runaway Bay Apartments
Dec. 31, 2013
Runaway Bay Apartments
Feb. 07, 2014
Reserve at Eagle Ridge
Sep. 30, 2014
Reserve at Eagle Ridge
Feb. 07, 2014
Reserve at Eagle Ridge
Feb. 28, 2014
OKC Portfolio
Sep. 30, 2014
OKC Portfolio
Mar. 31, 2014
King's Landing
Sep. 30, 2014
King's Landing
Sep. 30, 2014
Crossings
May 27, 2014
Crossings
Sep. 30, 2014
Carrington
Jul. 15, 2014
Carrington
Sep. 30, 2014
Arbors at the Reservoir
Jul. 15, 2014
Arbors at the Reservoir
Sep. 30, 2014
Walnut Hill
Sep. 15, 2014
Walnut Hill
Sep. 30, 2014
Mortgages Debt
Dec. 31, 2013
Mortgages Debt
Sep. 30, 2014
Secured Credit Facility
Dec. 31, 2013
Secured Credit Facility
Mortgage Loans on Real Estate [Line Items]                                                                              
Outstanding Principal     $ 10,575 $ 10,575 $ 27,500 $ 27,500 $ 17,600 $ 17,600 $ 8,612 $ 8,612 $ 7,223 $ 7,293 $ 6,633 $ 6,698 $ 6,781 $ 6,846 $ 5,405 $ 5,457 $ 10,081 $ 10,222   $ 18,850     $ 45,189   $ 21,200 $ 15,313   $ 14,235   $ 13,150   $ 18,650   $ 246,997 $ 100,803    
Carrying Amount     10,575 10,575 27,500 27,500 17,600 17,600 8,612 8,612 7,223 7,293 6,633 6,698 6,781 6,846 5,405 5,457 10,081 10,222   18,850     47,025   21,200 15,313   14,235   13,150   18,650   248,833 100,803    
Effective Interest Rate     2.40% [1] 2.40% [2] 2.40% [1] 2.40% [2] 3.70% [3] 3.70% [3] 4.40% [4] 4.40% [4] 5.70% 5.70% 5.70% 5.70% 5.70% 5.70% 5.70% 5.70% 3.60% 3.60%   4.70%   5.60% 2.80% [5] 4.00% 4.00% [6] 3.90%   4.00%   4.00%   3.40%   3.70% 3.80%    
Maturity Date     Apr. 28, 2021 Apr. 28, 2021 Apr. 28, 2021 Apr. 28, 2021 Jan. 01, 2019 Jan. 01, 2019 Jan. 01, 2021 Jan. 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 May 01, 2021 Nov. 01, 2022 Nov. 01, 2022   Mar. 01, 2024   Apr. 01, 2016 Apr. 01, 2016 Jun. 01, 2021 Jun. 01, 2021 Jun. 01, 2024   Aug. 01, 2024   Aug. 01, 2024   Oct. 01, 2021          
Outstanding Principal                                                                           5,000 2,500
Effective Interest Rate                                                                           2.70% [7] 2.90% [8]
Maturity Date                                                                           Oct. 25, 2016 Oct. 25, 2016
Outstanding Principal 251,997 103,303                                                                          
Carrying Amount $ 253,833 $ 103,303                                         $ 18,850           $ 15,313   $ 14,235   $ 13,150   $ 18,650        
Effective Interest Rate 3.70% 3.80%                                     4.70%                                    
[1] Floating rate at 225 basis points over 30-day LIBOR. As of September 30, 2014, 30-day LIBOR was 0.15%. Interest only payments are due monthly. These mortgages are held by RAIT.
[2] Floating rate at 225 basis points over 30-day LIBOR. As of December 31, 2013, 30-day LIBOR was 0.17%. Interest only payments are due monthly. These mortgages are held by RAIT.
[3] Fixed rate. Interest only payments are due monthly. Beginning February 1, 2015, principal and interest payments are required based on a 30-year amortization schedule.
[4] Fixed Rate. Interest only payments are due monthly. Beginning February 1, 2016, principal and interest payments are required based on a 30-year amortization schedule.
[5] Contractual interest rate is 5.6%. The debt was assumed and recorded at a premium that will be amortized to interest expense over the remaining term. Principal and interest payments are required based on a 30-year amortization schedule.
[6] Fixed Rate. Interest only payments are due monthly. Beginning June 1, 2017, principal and interest payments are required based on a 30-year amortization schedule.
[7] Floating rate at 250 basis points over 30-day LIBOR. As of September 30, 2014, 30-day LIBOR was 0.15%. Interest only payments are due monthly. As of September 30, 2014, we were in compliance with all financial covenants contained in the credit facility.
[8] Floating rate at 275 basis points over 30-day LIBOR. As of December 31, 2013, 30-day LIBOR was 0.17%. Interest only payments are due monthly. As of June 30, 2014, we were in compliance with all financial covenants contained in the credit facility.