XML 79 R60.htm IDEA: XBRL DOCUMENT v3.6.0.2
Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Real Estate and Accumulated Depreciation [Line Items]      
Balance, beginning of period $ 1,372,015 $ 689,112 $ 190,096
Additions during period:      
Acquisitions   707,268 495,998
Improvements to land and building 10,664 8,941 4,159
Deductions during period:      
Dispositions of real estate (63,329) (33,306) (1,141)
Reclassification to held for sale (69,994)    
Balance, end of period 1,249,356 1,372,015 689,112
Balance, beginning of period 39,638 23,376 15,775
Depreciation expense 31,085 20,888 8,742
Dispositions of real estate (10,004) (4,626) (1,141)
Reclassification to held for sale (9,208)    
Balance, end of period 51,511 $ 39,638 $ 23,376
Investment in Real Estate      
Real Estate and Accumulated Depreciation [Line Items]      
Initial Cost, Land 165,120    
Initial Cost, Building 1,066,611    
Gross Carrying Amount, Land 165,120    
Gross Carrying Amount, Building 1,084,236    
Accumulated Depreciation- Building (51,511)    
Encumbrances (Unpaid Principal) (564,162)    
Investment in Real Estate | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 17,625    
Investment in Real Estate | Crestmont Apartments      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Marietta, GA    
Initial Cost, Land $ 3,254    
Initial Cost, Building 13,017    
Gross Carrying Amount, Land 3,254    
Gross Carrying Amount, Building 13,883    
Accumulated Depreciation- Building (3,317)    
Encumbrances (Unpaid Principal) $ (6,427)    
Year of Acquisition 2011    
Life of Depreciation 40 years    
Investment in Real Estate | Crestmont Apartments | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 866    
Investment in Real Estate | Runaway Bay Apartments      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Indianapolis, IN    
Initial Cost, Land $ 3,079    
Initial Cost, Building 12,318    
Gross Carrying Amount, Land 3,079    
Gross Carrying Amount, Building 13,012    
Accumulated Depreciation- Building (1,539)    
Encumbrances (Unpaid Principal) $ (9,635)    
Year of Acquisition 2012    
Life of Depreciation 40 years    
Investment in Real Estate | Runaway Bay Apartments | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 694    
Investment in Real Estate | Reserve at Eagle Ridge      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Waukegan, IL    
Initial Cost, Land $ 5,800    
Initial Cost, Building 22,743    
Gross Carrying Amount, Land 5,800    
Gross Carrying Amount, Building 23,335    
Accumulated Depreciation- Building (1,772)    
Encumbrances (Unpaid Principal) $ (18,850)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Reserve at Eagle Ridge | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 592    
Investment in Real Estate | Windrush      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Edmond, OK    
Initial Cost, Land $ 1,677    
Initial Cost, Building 7,464    
Gross Carrying Amount, Land 1,677    
Gross Carrying Amount, Building 7,708    
Accumulated Depreciation- Building $ (589)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Windrush | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 244    
Investment in Real Estate | Heritage Park      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Oklahoma, OK    
Initial Cost, Land $ 4,234    
Initial Cost, Building 12,232    
Gross Carrying Amount, Land 4,234    
Gross Carrying Amount, Building 13,123    
Accumulated Depreciation- Building $ (1,061)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Heritage Park | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 891    
Investment in Real Estate | Raindance      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Oklahoma, OK    
Initial Cost, Land $ 3,503    
Initial Cost, Building 10,051    
Gross Carrying Amount, Land 3,503    
Gross Carrying Amount, Building 10,781    
Accumulated Depreciation- Building $ (881)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Raindance | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 730    
Investment in Real Estate | Augusta      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Oklahoma, OK    
Initial Cost, Land $ 1,296    
Initial Cost, Building 9,930    
Gross Carrying Amount, Land 1,296    
Gross Carrying Amount, Building 10,371    
Accumulated Depreciation- Building $ (801)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Augusta | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 441    
Investment in Real Estate | Invitational      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Oklahoma, OK    
Initial Cost, Land $ 1,924    
Initial Cost, Building 16,852    
Gross Carrying Amount, Land 1,924    
Gross Carrying Amount, Building 17,421    
Accumulated Depreciation- Building $ (1,346)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Invitational | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 569    
Investment in Real Estate | King's Landing      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Creve Coeur, MO    
Initial Cost, Land $ 2,513    
Initial Cost, Building 29,873    
Gross Carrying Amount, Land 2,513    
Gross Carrying Amount, Building 30,172    
Accumulated Depreciation- Building (2,095)    
Encumbrances (Unpaid Principal) $ (21,200)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | King's Landing | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 299    
Investment in Real Estate | Carrington      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Little Rock, AR    
Initial Cost, Land $ 1,715    
Initial Cost, Building 19,526    
Gross Carrying Amount, Land 1,715    
Gross Carrying Amount, Building 20,440    
Accumulated Depreciation- Building (1,430)    
Encumbrances (Unpaid Principal) $ (14,235)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Carrington | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 914    
Investment in Real Estate | Arbors at the Reservoir      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Ridgeland, MS    
Initial Cost, Land $ 4,050    
Initial Cost, Building 15,946    
Gross Carrying Amount, Land 4,050    
Gross Carrying Amount, Building 16,703    
Accumulated Depreciation- Building (1,215)    
Encumbrances (Unpaid Principal) $ (13,150)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Arbors at the Reservoir | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 757    
Investment in Real Estate | Walnut Hill      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Cordova, TN    
Initial Cost, Land $ 2,230    
Initial Cost, Building 25,251    
Gross Carrying Amount, Land 2,230    
Gross Carrying Amount, Building 25,903    
Accumulated Depreciation- Building (1,622)    
Encumbrances (Unpaid Principal) $ (18,650)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Walnut Hill | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 652    
Investment in Real Estate | Lenoxplace      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Raleigh, NC    
Initial Cost, Land $ 3,480    
Initial Cost, Building 20,482    
Gross Carrying Amount, Land 3,480    
Gross Carrying Amount, Building 20,932    
Accumulated Depreciation- Building (1,262)    
Encumbrances (Unpaid Principal) $ (15,991)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Lenoxplace | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 450    
Investment in Real Estate | Stonebridge Crossing      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Memphis, TN    
Initial Cost, Land $ 3,100    
Initial Cost, Building 26,223    
Gross Carrying Amount, Land 3,100    
Gross Carrying Amount, Building 27,042    
Accumulated Depreciation- Building (1,625)    
Encumbrances (Unpaid Principal) $ (19,370)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Stonebridge Crossing | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 819    
Investment in Real Estate | Bennington Pond      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Groveport, OH    
Initial Cost, Land $ 2,400    
Initial Cost, Building 14,828    
Gross Carrying Amount, Land 2,400    
Gross Carrying Amount, Building 15,385    
Accumulated Depreciation- Building (875)    
Encumbrances (Unpaid Principal) $ (11,375)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Bennington Pond | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 557    
Investment in Real Estate | Prospect Park      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Louisville, KY    
Initial Cost, Land $ 2,837    
Initial Cost, Building 11,193    
Gross Carrying Amount, Land 2,837    
Gross Carrying Amount, Building 11,369    
Accumulated Depreciation- Building (588)    
Encumbrances (Unpaid Principal) $ (9,230)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Prospect Park | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 176    
Investment in Real Estate | Brookside      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Louisville, KY    
Initial Cost, Land $ 3,947    
Initial Cost, Building 16,502    
Gross Carrying Amount, Land 3,947    
Gross Carrying Amount, Building 16,955    
Accumulated Depreciation- Building (893)    
Encumbrances (Unpaid Principal) $ (13,455)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Brookside | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 453    
Investment in Real Estate | Jamestown      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Louisville, KY    
Initial Cost, Land $ 7,034    
Initial Cost, Building 27,730    
Gross Carrying Amount, Land 7,034    
Gross Carrying Amount, Building 28,726    
Accumulated Depreciation- Building (1,529)    
Encumbrances (Unpaid Principal) $ (22,880)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Jamestown | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 996    
Investment in Real Estate | Meadows      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Louisville, KY    
Initial Cost, Land $ 6,857    
Initial Cost, Building 30,030    
Gross Carrying Amount, Land 6,857    
Gross Carrying Amount, Building 31,006    
Accumulated Depreciation- Building (1,622)    
Encumbrances (Unpaid Principal) $ (24,245)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Meadows | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 976    
Investment in Real Estate | Oxmoor      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Louisville, KY    
Initial Cost, Land $ 7,411    
Initial Cost, Building 47,095    
Gross Carrying Amount, Land 7,411    
Gross Carrying Amount, Building 48,001    
Accumulated Depreciation- Building (2,485)    
Encumbrances (Unpaid Principal) $ (35,815)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Oxmoor | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 906    
Investment in Real Estate | Stonebridge At The Ranch      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Little Rock, AR    
Initial Cost, Land $ 3,315    
Initial Cost, Building 27,954    
Gross Carrying Amount, Land 3,315    
Gross Carrying Amount, Building 28,218    
Accumulated Depreciation- Building (1,434)    
Encumbrances (Unpaid Principal) $ (20,527)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Stonebridge At The Ranch | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 264    
Investment in Real Estate | Iron Rock Ranch      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Austin, TX    
Initial Cost, Land $ 5,860    
Initial Cost, Building 28,911    
Gross Carrying Amount, Land 5,860    
Gross Carrying Amount, Building 29,413    
Accumulated Depreciation- Building (1,538)    
Encumbrances (Unpaid Principal) $ (22,900)    
Year of Acquisition 2014    
Life of Depreciation 40 years    
Investment in Real Estate | Iron Rock Ranch | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 502    
Investment in Real Estate | Bayview Club      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Indianapolis, IN    
Initial Cost, Land $ 2,525    
Initial Cost, Building 22,506    
Gross Carrying Amount, Land 2,525    
Gross Carrying Amount, Building 22,974    
Accumulated Depreciation- Building $ (967)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Bayview Club | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 468    
Investment in Real Estate | Arbors River Oaks      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Memphis, TN    
Initial Cost, Land $ 2,100    
Initial Cost, Building 19,045    
Gross Carrying Amount, Land 2,100    
Gross Carrying Amount, Building 19,467    
Accumulated Depreciation- Building $ (637)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Arbors River Oaks | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 422    
Investment in Real Estate | Aston      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Wake Forest, NC    
Initial Cost, Land $ 3,450    
Initial Cost, Building 34,333    
Gross Carrying Amount, Land 3,450    
Gross Carrying Amount, Building 34,409    
Accumulated Depreciation- Building (1,078)    
Encumbrances (Unpaid Principal) $ (25,050)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Aston | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 76    
Investment in Real Estate | Avenues At Craig Ranch      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location McKinney, TX    
Initial Cost, Land $ 5,500    
Initial Cost, Building 42,054    
Gross Carrying Amount, Land 5,500    
Gross Carrying Amount, Building 42,168    
Accumulated Depreciation- Building (1,326)    
Encumbrances (Unpaid Principal) $ (31,250)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Avenues At Craig Ranch | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 114    
Investment in Real Estate | Bridge Pointe      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Huntsville, AL    
Initial Cost, Land $ 1,500    
Initial Cost, Building 14,306    
Gross Carrying Amount, Land 1,500    
Gross Carrying Amount, Building 14,450    
Accumulated Depreciation- Building $ (460)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Bridge Pointe | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 144    
Investment in Real Estate | Creekstone At R T P      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Durham, NC    
Initial Cost, Land $ 5,376    
Initial Cost, Building 32,727    
Gross Carrying Amount, Land 5,376    
Gross Carrying Amount, Building 32,851    
Accumulated Depreciation- Building (1,035)    
Encumbrances (Unpaid Principal) $ (23,008)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Creekstone At R T P | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 124    
Investment in Real Estate | Fountains Southend      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Charlotte, NC    
Initial Cost, Land $ 4,368    
Initial Cost, Building 37,254    
Gross Carrying Amount, Land 4,368    
Gross Carrying Amount, Building 37,317    
Accumulated Depreciation- Building (1,170)    
Encumbrances (Unpaid Principal) $ (23,750)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Fountains Southend | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 63    
Investment in Real Estate | Fox Trails      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Plano, TX    
Initial Cost, Land $ 5,700    
Initial Cost, Building 21,944    
Gross Carrying Amount, Land 5,700    
Gross Carrying Amount, Building 22,264    
Accumulated Depreciation- Building $ (716)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Fox Trails | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 320    
Investment in Real Estate | Lakeshore on the Hill      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Chattanooga, TN    
Initial Cost, Land $ 925    
Initial Cost, Building 10,212    
Gross Carrying Amount, Land 925    
Gross Carrying Amount, Building 10,393    
Accumulated Depreciation- Building $ (334)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Lakeshore on the Hill | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 181    
Investment in Real Estate | Millenia 700      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Orlando, FL    
Initial Cost, Land $ 5,500    
Initial Cost, Building 41,752    
Gross Carrying Amount, Land 5,500    
Gross Carrying Amount, Building 41,882    
Accumulated Depreciation- Building (1,317)    
Encumbrances (Unpaid Principal) $ (29,175)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Millenia 700 | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 130    
Investment in Real Estate | Miller Creek At German Town      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Memphis, TN    
Initial Cost, Land $ 3,300    
Initial Cost, Building 53,504    
Gross Carrying Amount, Land 3,300    
Gross Carrying Amount, Building 53,575    
Accumulated Depreciation- Building $ (1,679)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Miller Creek At German Town | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 71    
Investment in Real Estate | Pointe At Canyon Ridge      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Atlanta, GA    
Initial Cost, Land $ 11,100    
Initial Cost, Building 36,995    
Gross Carrying Amount, Land 11,100    
Gross Carrying Amount, Building 37,555    
Accumulated Depreciation- Building $ (1,208)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Pointe At Canyon Ridge | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 560    
Investment in Real Estate | St James At Goose Creek      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Goose Creek, SC    
Initial Cost, Land $ 3,780    
Initial Cost, Building 27,695    
Gross Carrying Amount, Land 3,780    
Gross Carrying Amount, Building 27,959    
Accumulated Depreciation- Building $ (905)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | St James At Goose Creek | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 264    
Investment in Real Estate | Talison Row At Daniel Island      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Daniel Island, SC    
Initial Cost, Land $ 5,480    
Initial Cost, Building 41,409    
Gross Carrying Amount, Land 5,480    
Gross Carrying Amount, Building 41,559    
Accumulated Depreciation- Building (1,311)    
Encumbrances (Unpaid Principal) $ (33,442)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Talison Row At Daniel Island | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 150    
Investment in Real Estate | The Aventine Greenville      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Greenville, SC    
Initial Cost, Land $ 4,150    
Initial Cost, Building 43,905    
Gross Carrying Amount, Land 4,150    
Gross Carrying Amount, Building 43,939    
Accumulated Depreciation- Building (1,376)    
Encumbrances (Unpaid Principal) $ (30,447)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | The Aventine Greenville | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 34    
Investment in Real Estate | Trails At Signal Mountain      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Chattanooga, TN    
Initial Cost, Land $ 1,200    
Initial Cost, Building 12,895    
Gross Carrying Amount, Land 1,200    
Gross Carrying Amount, Building 13,183    
Accumulated Depreciation- Building $ (428)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Trails At Signal Mountain | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 288    
Investment in Real Estate | Vue At Knoll Trail      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Dallas, TX    
Initial Cost, Land $ 3,100    
Initial Cost, Building 6,077    
Gross Carrying Amount, Land 3,100    
Gross Carrying Amount, Building 6,175    
Accumulated Depreciation- Building $ (200)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Vue At Knoll Trail | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 98    
Investment in Real Estate | Waterstone at Brier Creek      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Raleigh, NC    
Initial Cost, Land $ 4,200    
Initial Cost, Building 34,651    
Gross Carrying Amount, Land 4,200    
Gross Carrying Amount, Building 34,738    
Accumulated Depreciation- Building (1,093)    
Encumbrances (Unpaid Principal) $ (20,425)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Waterstone at Brier Creek | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 87    
Investment in Real Estate | Waterstone Big Creek      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Alpharetta, GA    
Initial Cost, Land $ 7,600    
Initial Cost, Building 61,971    
Gross Carrying Amount, Land 7,600    
Gross Carrying Amount, Building 62,056    
Accumulated Depreciation- Building (1,943)    
Encumbrances (Unpaid Principal) $ (49,680)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Waterstone Big Creek | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 85    
Investment in Real Estate | Westmont Commons      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Asheville, NC    
Initial Cost, Land $ 2,750    
Initial Cost, Building 25,225    
Gross Carrying Amount, Land 2,750    
Gross Carrying Amount, Building 25,423    
Accumulated Depreciation- Building $ (809)    
Year of Acquisition 2015    
Life of Depreciation 40 years    
Investment in Real Estate | Westmont Commons | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 198    
Real Estate Held for Sale      
Real Estate and Accumulated Depreciation [Line Items]      
Initial Cost, Land 13,395    
Initial Cost, Building 52,846    
Gross Carrying Amount, Land 13,395    
Gross Carrying Amount, Building 56,599    
Accumulated Depreciation- Building (9,208)    
Encumbrances (Unpaid Principal) (36,026)    
Deductions during period:      
Balance, end of period 69,994    
Balance, end of period 9,208    
Real Estate Held for Sale | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 3,753    
Real Estate Held for Sale | Copper Mill Apartments      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Austin, TX    
Initial Cost, Land $ 3,472    
Initial Cost, Building 13,888    
Gross Carrying Amount, Land 3,472    
Gross Carrying Amount, Building 14,881    
Accumulated Depreciation- Building (3,667)    
Encumbrances (Unpaid Principal) $ (6,998)    
Year of Acquisition 2011    
Life of Depreciation 40 years    
Real Estate Held for Sale | Copper Mill Apartments | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 993    
Real Estate Held for Sale | Heritage Trace Apartments      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Newport News, VA    
Initial Cost, Land $ 2,673    
Initial Cost, Building 10,691    
Gross Carrying Amount, Land 2,673    
Gross Carrying Amount, Building 11,718    
Accumulated Depreciation- Building (2,930)    
Encumbrances (Unpaid Principal) $ (5,237)    
Year of Acquisition 2011    
Life of Depreciation 40 years    
Real Estate Held for Sale | Heritage Trace Apartments | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 1,027    
Real Estate Held for Sale | The Crossings      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Jackson, MS    
Initial Cost, Land $ 4,600    
Initial Cost, Building 17,948    
Gross Carrying Amount, Land 4,600    
Gross Carrying Amount, Building 18,822    
Accumulated Depreciation- Building (1,580)    
Encumbrances (Unpaid Principal) $ (15,313)    
Year of Acquisition 2013    
Life of Depreciation 40 years    
Real Estate Held for Sale | The Crossings | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 874    
Real Estate Held for Sale | Berkshire      
Real Estate and Accumulated Depreciation [Line Items]      
Description Apartment    
Location Indianapolis, IN    
Initial Cost, Land $ 2,650    
Initial Cost, Building 10,319    
Gross Carrying Amount, Land 2,650    
Gross Carrying Amount, Building 11,178    
Accumulated Depreciation- Building (1,031)    
Encumbrances (Unpaid Principal) $ (8,478)    
Year of Acquisition 2013    
Life of Depreciation 40 years    
Real Estate Held for Sale | Berkshire | Building      
Real Estate and Accumulated Depreciation [Line Items]      
Cost of Improvements, net of Retirements $ 859