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Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On April 1, 2015, one holder of units in the Operating Partnership redeemed a total of 100,000 units for an equivalent number of shares of the Company’s common stock. On April 10, 2015, we paid a quarterly dividend (distribution) of $0.07 per common share (and unit) to those stockholders (and unitholders of the Operating Partnership) of record on March 13, 2015. On April 27, 2015, we authorized payment of a quarterly dividend (distribution) of $0.075 per common share (and unit) to the stockholders (and unitholders of the Operating Partnership) of record as of June 15, 2015. The dividend (distribution) is to be paid on July 10, 2015. On May 1, 2015, one holder of units in the Operating Partnership redeemed a total of 50,000 units for an equivalent number of shares of the Company’s common stock. On May 5, 2015 the Company obtained a $47.0 million mortgage with Bank of America on the Georgian Terrace in Atlanta, Georgia. The mortgage bears interest at a fixed rate of 4.42% and provides for level payments of principal and interest on a monthly basis under a 30-year amortization schedule. The maturity date is June 1, 2025. The Company used the proceeds of the mortgage to repay the existing first mortgage and to pay closing costs, and will use the balance of the proceeds to partially fund ongoing renovations at the Georgian Terrace and for general corporate purposes.