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Real Estate Owned and Held-For-Sale (Details) (USD $) | 9 Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 Months Ended |  | 9 Months Ended | 3 Months Ended |  |
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Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 Multifamily Portfolio | Dec. 31, 2013 Multifamily Portfolio | Sep. 30, 2014 Hotel Portfolio | Dec. 31, 2013 Hotel Portfolio | Sep. 30, 2014 Land | Dec. 31, 2013 Land | Sep. 30, 2014 Land Multifamily Portfolio | Dec. 31, 2013 Land Multifamily Portfolio | Sep. 30, 2014 Land Hotel Portfolio | Dec. 31, 2013 Land Hotel Portfolio | Sep. 30, 2014 Building and intangible assets | Dec. 31, 2013 Building and intangible assets | Sep. 30, 2014 Building and intangible assets Multifamily Portfolio | Dec. 31, 2013 Building and intangible assets Multifamily Portfolio | Sep. 30, 2014 Building and intangible assets Hotel Portfolio | Dec. 31, 2013 Building and intangible assets Hotel Portfolio | Sep. 30, 2014 Real Estate owned | Dec. 31, 2013 Real Estate owned | Sep. 30, 2014 Real Estate owned Multifamily Portfolio item | Jun. 30, 2014 Real Estate owned Multifamily Portfolio | Mar. 31, 2014 Real Estate owned Multifamily Portfolio | Dec. 31, 2013 Real Estate owned Multifamily Portfolio | Sep. 30, 2014 Real Estate owned Hotel Portfolio item | Sep. 30, 2013 Real Estate owned Hotel Portfolio | Sep. 30, 2014 Real Estate held for sale Multifamily Portfolio item | Dec. 31, 2014 Real Estate held for sale Multifamily Portfolio Subsequent event item | Sep. 30, 2014 First mortgage Multifamily Portfolio | Jun. 30, 2014 First mortgage Multifamily Portfolio
Real Estate owned |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate owned, gross |  |  |  |  |  |  | $ 16,432,495 | $ 22,276,230 | $ 5,538,844 | $ 11,382,579 | $ 10,893,651 | $ 10,893,651 | $ 94,250,878 | $ 107,748,075 | $ 31,129,305 | $ 46,115,430 | $ 63,121,573 | $ 61,632,645 |  |  |  |  |  |  |  |  |  |  |  |
Less: accumulated depreciation and amortization | (19,945,236) | (18,306,128) | (7,077,163) | (8,598,915) | (12,868,073) | (9,707,213) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate owned, net | 90,738,137 | 111,718,177 | 29,590,986 | 48,899,094 | 61,147,151 | 62,819,083 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,400,000 |  |  |  |  |  |  |  |
Number of properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |  |  |  | 5 |  |  |  |  |
Number of properties sold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |
Proceeds from sale of properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,100,000 |  |  |  |  |  |  |  |  |
Gain on sale of property |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (200,000) |  |  |  |  |  |  | 500,000 |  |
Reduction of mortgage note payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,400,000 |  |  |  |  |  |  |  |  |
Weighted average occupancy rate of properties (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 86.00% |  |  | 85.00% | 57.00% | 56.00% |  |  |  |
Impairment loss on real estate owned | 250,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 300,000 |  |  |  |  |  |  |
Amount of weighted average daily rate of properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 79 | 80 |  |  |  |
Amount of weighted average daily rate of properties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 44 | 45 |  |  |  |
First lien mortgage - real estate owned | 25,022,701 | 42,745,650 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25,000,000 |  |  | 42,700,000 |  |  |  |  |  | 11,000,000
Depreciation in connection with reclassification of property from real estate held-for-sale to real estate owned, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 300,000 |  |  |  |  |  |  |  |
Restricted cash due to escrow requirement | 143,848,917 | 54,962,316 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,500,000 | 900,000 |  |  |  |  |  |  |  |  |  |
Real Estate Held-For-Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties reclassified as real estate held-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |  |  |
Carrying value of real estate properties classified as held-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 26,400,000 | 11,000,000 | 23,800,000 |
Mortgage notes payable-held-for-sale | $ 23,791,205 | $ 11,005,354 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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- Definition Represents the liability for mortgage notes payable by the reporting entity in connection with the acquisition of real property which is held-for-sale. + References No definition available. + Details
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- Definition Represents the liability for mortgage notes payable by the reporting entity in connection with the acquisition of real property. + References No definition available. + Details
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- Definition Represents the number of properties reclassified as real estate held for sale. + References No definition available. + Details
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- Definition Represents the number of real estate properties sold within the portfolio. + References No definition available. + Details
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- Definition Represents the number of properties classified as real estate owned by the entity, as of the balance sheet date. + References No definition available. + Details
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- Definition Represents the amount of weighted average daily rate of properties classified as real estate owned. + References No definition available. + Details
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- Definition Represents the weighted average occupancy rate of properties classified as real estate owned. + References No definition available. + Details
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- Definition Represents the amount of weighted average revenue per available room of properties classified as real estate owned. + References No definition available. + Details
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
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- Definition The value of notes retired (or transferred to another entity) in noncash investing or financing transactions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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- Definition The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3179-108585 + Details
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- Definition Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(f)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition The cumulative amount of depreciation for real estate property held for investment purposes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(3)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 7 + Details
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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