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Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Notes payable [1] $ 2,284,429 $ 969,259
Notes receivable 28,684 28,268
Derivative assets, disclosed as “Interest rate contracts” 2,061 3
Derivative liabilities, disclosed as “Interest rate contracts” 2,010 1,750
Interest Rate Caps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Derivative assets, disclosed as “Interest rate contracts” 2,061 3
Derivative liabilities, disclosed as “Interest rate contracts” 2,010 1,750
Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Notes payable [1] 2,279,755 960,508
Notes receivable 28,684 28,268
Carrying Value | Interest Rate Caps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Derivative assets, disclosed as “Interest rate contracts” 2,061 3
Derivative liabilities, disclosed as “Interest rate contracts” $ 2,010 $ 1,750
[1] Amounts represent total notes payable including amounts reclassified to held for sale and unamortized loan premium, excluding deferred financing fees, net.