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Variable Interest Entities, Contingent Liabilities and Consolidated Joint Ventures (Details)
 1 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2015
USD ($)
item
Jun. 30, 2014
USD ($)
item
Mar. 31, 2016
USD ($)
item
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Variable Interest Entities          
Carrying value of mortgage loans     $ 321,761,000   $ 331,055,000
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Maximum Exposure to Loss     16,135,000    
Restricted cash     1,031,000   1,074,000
Land     1,221,000    
Unbilled rent receivable     13,472,000   13,577,000
Unamortized intangible lease assets, net     28,988,000   28,978,000
Escrow, deposits and other assets and receivables     5,374,000   4,268,000
Mortgages payable, net of deferred financing costs of $464 and $438, respectively     321,761,000   331,055,000
Accrued expenses and other liabilities     17,599,000   13,852,000
Unamortized intangible lease liabilities, net     14,310,000   14,521,000
Accumulated other comprehensive loss     (8,378,000)   (4,390,000)
Non-controlling interests in consolidated joint ventures     $ 1,834,000   1,931,000
Percentage of rental income       0.80%  
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    
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%    
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%    
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%      
Consolidated VIE entities          
Variable Interest Entities          
Carrying value of mortgage loans     $ 26,693,000   25,926,000
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Land     18,400,000   18,400,000
Buildings and improvements, net of depreciation of $2,343 and $2,076, respectively     34,258,000   34,287,000
Cash     1,588,000   1,960,000
Unbilled rent receivable     358,000   330,000
Unamortized intangible lease assets, net     1,894,000   1,996,000
Escrow, deposits and other assets and receivables     1,016,000   752,000
Mortgages payable, net of deferred financing costs of $464 and $438, respectively     26,693,000   25,926,000
Accrued expenses and other liabilities     1,308,000   793,000
Unamortized intangible lease liabilities, net     2,341,000   2,392,000
Accumulated other comprehensive loss     (280,000)   (126,000)
Non-controlling interests in consolidated joint ventures     1,834,000   1,931,000
Depreciation     2,343,000   2,076,000
Deferred financing costs     $ 464,000   438,000
Consolidated VIE entities | 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     7    
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     $ 18,064,000    
MCB Real Estate LLC And Its Affiliates | Consolidated JV | Pathmark supermarket in Philadelphia, Pennsylvania          
Variable Interest Entities          
Carrying value of mortgage loans     4,485,000    
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Mortgages payable, net of deferred financing costs of $464 and $438, respectively     4,485,000    
Investment in consolidated joint ventures     2,763,000    
Percentage of rental income       1.30%  
Impairment charge     0    
Land - The Meadows Apartments, Lakemoor, Illinois          
Variable Interest Entities          
Contract purchase price (real estate) $ 9,300,000        
Number of apartment units in the complex purchased | item 496        
Carrying value of mortgage loans     43,824,000    
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Mortgages payable, net of deferred financing costs of $464 and $438, respectively     43,824,000    
Land - The Meadows Apartments, Lakemoor, Illinois | Land.          
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Maximum Exposure to Loss     9,592,000    
Land - The Meadows Apartments, Lakemoor, Illinois | Unbilled rent receivable          
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Maximum Exposure to Loss     12,000    
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      
Carrying value of mortgage loans     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   $ 1,894,000 110,000   941,000
Additional reserve received for tenant improvements     67,000   121,000
Restricted cash     1,031,000   $ 1,074,000
Mortgages payable, net of deferred financing costs of $464 and $438, respectively     16,230,000    
Land - River Crossing Apartments, Sandy Springs, Georgia | Land.          
Variable Interest Entity, Nonconsolidated, Comparison of Carrying Amount of Assets and Liabilities to Maximum Loss Exposure          
Maximum Exposure to Loss     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          
Maximum Exposure to Loss     3,000    
The Meadows Apartments, Lakemoor, Illinois and River Crossing Apartments, Sandy Springs, Georgia          
Variable Interest Entities          
Revenue from the ground lease     $ 428,000 $ 252,000