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Summary of Information Concerning Indebtedness that Encumbered our Properties (Detail) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Apr. 13, 2015
Jan. 27, 2015
Jun. 30, 2015
Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 456,283 $ 398,977
Mortgage indebtedness, carrying amount     457,202 400,509
Indebtedness, outstanding principal     456,283 417,369
Indebtedness, carrying amount     $ 457,202 $ 418,901
Weighted Average        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Indebtedness, effective interest rate     3.60% 3.60%
Centrepoint Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 17,441 $ 17,600
Mortgage indebtedness, carrying amount     $ 17,441 $ 17,600
Mortgage indebtedness, effective interest rate [1]     3.70% 3.70%
Mortgage indebtedness, maturity date     Jan. 01, 2019 Jan. 01, 2019
Berkshire Square Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 8,612 $ 8,612
Mortgage indebtedness, carrying amount     $ 8,612 $ 8,612
Mortgage indebtedness, effective interest rate [2]     4.40% 4.40%
Mortgage indebtedness, maturity date     Jan. 01, 2021 Jan. 01, 2021
OKC Portfolio        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 44,408 $ 44,939
Mortgage indebtedness, carrying amount     $ 45,327 $ 46,471
Mortgage indebtedness, effective interest rate [3]     2.80% 2.80%
Mortgage indebtedness, maturity date     Apr. 01, 2016 Apr. 01, 2016
King's Landing        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 21,200 $ 21,200
Mortgage indebtedness, carrying amount     $ 21,200 $ 21,200
Mortgage indebtedness, effective interest rate [4]     4.00% 4.00%
Mortgage indebtedness, maturity date     Jun. 01, 2022 Jun. 01, 2022
Belle Creek Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 10,575 $ 10,575
Mortgage indebtedness, carrying amount     $ 10,575 $ 10,575
Mortgage indebtedness, effective interest rate     2.40% [5] 2.40% [6]
Mortgage indebtedness, maturity date     Apr. 28, 2021 Apr. 28, 2021
Tresa At Arrowhead        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 27,500 $ 27,500
Mortgage indebtedness, carrying amount     $ 27,500 $ 27,500
Mortgage indebtedness, effective interest rate     2.40% [5] 2.40% [6]
Mortgage indebtedness, maturity date     Apr. 28, 2021 Apr. 28, 2021
Copper Mill Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 7,150 $ 7,200
Mortgage indebtedness, carrying amount     $ 7,150 $ 7,200
Mortgage indebtedness, effective interest rate     5.70% 5.70%
Mortgage indebtedness, maturity date     May 01, 2021 May 01, 2021
Crestmont Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 6,566 $ 6,612
Mortgage indebtedness, carrying amount     $ 6,566 $ 6,612
Mortgage indebtedness, effective interest rate     5.70% 5.70%
Mortgage indebtedness, maturity date     May 01, 2021 May 01, 2021
Cumberland Glen Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 6,712 $ 6,759
Mortgage indebtedness, carrying amount     $ 6,712 $ 6,759
Mortgage indebtedness, effective interest rate     5.70% 5.70%
Mortgage indebtedness, maturity date     May 01, 2021 May 01, 2021
Heritage Trace Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 5,350 $ 5,388
Mortgage indebtedness, carrying amount     $ 5,350 $ 5,388
Mortgage indebtedness, effective interest rate     5.70% 5.70%
Mortgage indebtedness, maturity date     May 01, 2021 May 01, 2021
Runaway Bay Apartments        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 9,935 $ 10,033
Mortgage indebtedness, carrying amount     $ 9,935 $ 10,033
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Nov. 01, 2022 Nov. 01, 2022
Reserve at Eagle Ridge        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 18,850 $ 18,850
Mortgage indebtedness, carrying amount     $ 18,850 $ 18,850
Mortgage indebtedness, effective interest rate     4.70% 4.70%
Mortgage indebtedness, maturity date     Mar. 01, 2024 Mar. 01, 2024
Crossings        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 15,313 $ 15,313
Mortgage indebtedness, carrying amount     $ 15,313 $ 15,313
Mortgage indebtedness, effective interest rate     3.90% 3.90%
Mortgage indebtedness, maturity date     Jun. 01, 2024 Jun. 01, 2024
Carrington Park        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 14,235 $ 14,235
Mortgage indebtedness, carrying amount     $ 14,235 $ 14,235
Mortgage indebtedness, effective interest rate     4.00% 4.00%
Mortgage indebtedness, maturity date     Aug. 01, 2024 Aug. 01, 2024
Arbors at the Reservoir        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 13,150 $ 13,150
Mortgage indebtedness, carrying amount     $ 13,150 $ 13,150
Mortgage indebtedness, effective interest rate     4.00% 4.00%
Mortgage indebtedness, maturity date     Aug. 01, 2024 Aug. 01, 2024
Walnut Hill        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 18,650 $ 18,650
Mortgage indebtedness, carrying amount     $ 18,650 $ 18,650
Mortgage indebtedness, effective interest rate     3.40% 3.40%
Mortgage indebtedness, maturity date     Oct. 01, 2021 Oct. 01, 2021
Lenoxplace        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 15,991 $ 15,991
Mortgage indebtedness, carrying amount     $ 15,991 $ 15,991
Mortgage indebtedness, effective interest rate     3.70% 3.70%
Mortgage indebtedness, maturity date     Nov. 01, 2021 Nov. 01, 2021
Bennington Pond        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 11,375 $ 11,375
Mortgage indebtedness, carrying amount     $ 11,375 $ 11,375
Mortgage indebtedness, effective interest rate     3.70% 3.70%
Mortgage indebtedness, maturity date     Dec. 01, 2024 Dec. 01, 2024
Stonebridge Crossing        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 19,370 $ 19,370
Mortgage indebtedness, carrying amount     $ 19,370 $ 19,370
Mortgage indebtedness, effective interest rate     3.40% 3.40%
Mortgage indebtedness, maturity date     Jan. 01, 2022 Jan. 01, 2022
Prospect Park        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 9,230 $ 9,230
Mortgage indebtedness, carrying amount     $ 9,230 $ 9,230
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Jan. 01, 2025 Jan. 01, 2025
Brookside        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 13,455 $ 13,455
Mortgage indebtedness, carrying amount     $ 13,455 $ 13,455
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Jan. 01, 2025 Jan. 01, 2025
Jamestown        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 22,880 $ 22,880
Mortgage indebtedness, carrying amount     $ 22,880 $ 22,880
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Jan. 01, 2025 Jan. 01, 2025
Meadows        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 24,245 $ 24,245
Mortgage indebtedness, carrying amount     $ 24,245 $ 24,245
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Jan. 01, 2025 Jan. 01, 2025
Oxmoor        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 35,815 $ 35,815
Mortgage indebtedness, carrying amount     $ 35,815 $ 35,815
Mortgage indebtedness, effective interest rate     3.60% 3.60%
Mortgage indebtedness, maturity date     Jan. 01, 2025 Jan. 01, 2025
Iron Rock Ranch        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 22,900  
Mortgage indebtedness, carrying amount   $ 22,900 $ 22,900  
Mortgage indebtedness, effective interest rate   3.40% 3.40%  
Mortgage indebtedness, maturity date   Feb. 01, 2025 Feb. 01, 2025  
Stonebridge At The Ranch        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 20,527  
Mortgage indebtedness, carrying amount $ 20,527   $ 20,527  
Mortgage indebtedness, effective interest rate 3.20%   3.20%  
Mortgage indebtedness, maturity date May 01, 2025   May 01, 2025  
Total mortgage debt/Weighted- Average        
Mortgage Loans on Real Estate [Line Items]        
Mortgage indebtedness, outstanding principal     $ 441,435  
Mortgage indebtedness, carrying amount     $ 442,354  
Mortgage indebtedness, effective interest rate     3.60%  
Secured Credit Facility        
Mortgage Loans on Real Estate [Line Items]        
Secured credit facility, outstanding principal     $ 14,848 $ 18,392
Secured credit facility, carrying amount     $ 14,848 $ 18,392
Secured credit facility, effective interest rate     2.70% [7] 2.70% [8]
Secured credit facility, maturity date     Oct. 25, 2016 Oct. 25, 2016
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] Floating rate at 225 basis points over the 30-day London Interbank Offered Rate, or LIBOR. As of June 30, 2015, 30-day LIBOR was 0.19%. Interest only payments are due monthly. These mortgages are held by RAIT.
[6] Floating rate at 225 basis points over 30-day LIBOR. As of December 31, 2014, 30-day LIBOR was 0.17%. Interest only payments are due monthly. These mortgages are held by RAIT.
[7] Floating rate at 250 basis points over 30-day LIBOR. As of June 30, 2015 30-day LIBOR was 0.19%. Interest only payments are due monthly. As of June 30, 2015 we were in compliance with all financial covenants contained in the secured credit facility.
[8] Floating rate at 250 basis points over 30-day LIBOR. As of December 31, 2014, 30-day LIBOR was 0.17%. Interest only payments are due monthly.