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Variable Interest Entities, Contingent Liabilities and Consolidated Joint Ventures
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2015
USD ($)
item
Jun. 30, 2014
USD ($)
item
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
item
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Variable Interest Entities              
Mortgage debt     $ 302,274,000   $ 302,274,000   $ 292,049,000
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Carrying Amount     16,455,000   16,455,000    
Unbilled rent receivable     13,348,000   13,348,000   12,815,000
Maximum Exposure to Loss     16,455,000   16,455,000    
Restricted cash     1,210,000   1,210,000   1,607,000
Land     19,977,000   19,977,000    
Accrued expenses and other liabilities     11,393,000   11,393,000   12,451,000
Non-controlling interests in joint ventures     2,075,000   2,075,000   1,628,000
Investment in unconsolidated joint ventures     11,118,000   11,118,000   4,907,000
Noxell Corporation industrial building, Joppa, Maryland              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Ownership interest in consolidated joint venture of the company (as a percent)   95.00%   95.00%   95.00%  
Land     3,815,000   3,815,000   3,805,000
Buildings and improvements, net of depreciation         7,963,000   8,069,000
Cash     741,000   741,000   527,000
Prepaid expenses and receivables     12,000   12,000   42,000
Accrued expenses and other liabilities     219,000   219,000   152,000
Non-controlling interests in joint ventures     $ 318,000   318,000   312,000
Depreciation         $ 221,000   17,000
Non Variable Interest Entity | Consolidated JV              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Number of joint ventures with controlling interest | item         6    
Non Variable Interest Entity | Minimum | Consolidated JV              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Ownership interest in consolidated joint venture of the company (as a percent)     85.00%   85.00%    
Non Variable Interest Entity | Maximum | Consolidated JV              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Ownership interest in consolidated joint venture of the company (as a percent)     95.00%   95.00%    
MCB Real Estate LLC And Its Affiliates | Consolidated JV              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Number of joint ventures with controlling interest | item         5    
Investment in consolidated joint ventures     $ 19,000,000   $ 19,000,000    
Land - The Meadows Apartments, Lakemoor, Illinois              
Variable Interest Entities              
Contract purchase price (real estate) $ 9,300,000       9,300,000    
Number of apartment units in the complex purchased | item 496            
Mortgage debt     43,824,000   43,824,000    
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Land     9,563,000   9,563,000    
Land - The Meadows Apartments, Lakemoor, Illinois | Land              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Carrying Amount     9,563,000   9,563,000    
Maximum Exposure to Loss     9,563,000   9,563,000    
Land - River Crossing Apartments, Sandy Springs, Georgia              
Variable Interest Entities              
Contract purchase price (real estate)   $ 6,510,000          
Number of apartment units in the complex purchased | item   196          
Mortgage debt     16,230,000   16,230,000    
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Restricted cash for tenant improvements and other reserve, net   $ 1,894,000     (397,000) $ 0  
Restricted cash     1,210,000   1,210,000   $ 1,607,000
Land - River Crossing Apartments, Sandy Springs, Georgia | Land              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Carrying Amount     6,528,000   6,528,000    
Maximum Exposure to Loss     6,528,000   6,528,000    
Land - River Crossing Apartments, Sandy Springs, Georgia | Unbilled rent receivable              
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure              
Carrying Amount     364,000   364,000    
Maximum Exposure to Loss     364,000   364,000    
The Meadows Apartments, Lakemoor, Illinois and River Crossing Apartments, Sandy Springs, Georgia              
Variable Interest Entities              
Revenue from the ground lease     $ 460,000 $ 67,000 $ 711,000 $ 67,000