Behringer Harvard Opportunity REIT I (BHOR) 10-Q 12 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Behringer Harvard Opportunity REIT I, Inc.	'
Entity Central Index Key	'0001308711	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	56,500,472
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Real estate	'	'
Land and improvements, net	$66,571	$71,244
Buildings and improvements, net	159,046	163,731
Real estate under development	8,208	905
Total real estate	233,825	235,880
Condominium inventory	2,967	2,967
Cash and cash equivalents	44,456	36,796
Restricted cash	7,593	4,890
Accounts receivable, net	8,068	7,237
Prepaid expenses and other assets	1,177	1,553
Investments in unconsolidated joint ventures	16,330	18,495
Furniture, fixtures and equipment, net	2,607	2,430
Deferred financing fees, net	2,074	1,383
Lease intangibles, net	4,587	5,093
Other intangibles, net	4,950	5,396
Total assets	328,634	322,120
Liabilities and Equity	'	'
Notes payable	153,967	138,085
Accounts payable	1,498	927
Payables to related parties	836	771
Acquired below-market leases, net	1,165	1,437
Accrued and other liabilities	23,400	21,530
Total liabilities	180,866	162,750
Commitments and contingencies	'	'
Behringer Harvard Opportunity REIT I, Inc. Equity:	'	'
Preferred stock, $.0001 par value per share; 50,000,000 shares authorized, none outstanding	0	0
Convertible stock, $.0001 par value per share; 1,000 shares authorized, 1,000 shares issued and outstanding	0	0
Common stock, $.0001 par value per share; 350,000,000 shares authorized, and 56,500,472 shares issued and outstanding at September 30, 2014 and December 31, 2013	6	6
Additional paid-in capital	507,303	505,167
Accumulated distributions and net loss	-358,484	-348,541
Accumulated other comprehensive income (loss)	-1,370	366
Total Behringer Harvard Opportunity REIT I, Inc. equity	147,455	156,998
Noncontrolling interest	313	2,372
Total equity	147,768	159,370
Total liabilities and equity	$328,634	$322,120

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	0	0
Convertible stock, par value (in dollars per share)	$0.00	$0.00
Convertible stock, shares authorized	1,000	1,000
Convertible stock, shares issued	1,000	1,000
Convertible stock, shares outstanding	1,000	1,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	56,500,472	56,500,472
Common stock, stares outstanding	56,500,472	56,500,472

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	'	'	'	'
Rental revenue	$5,044	$5,020	$15,134	$15,775
Hotel revenue	9,794	9,060	27,131	22,378
Condominium sales	0	0	0	409
Total revenues	14,838	14,080	42,265	38,562
Expenses	'	'	'	'
Property operating expenses	1,831	2,268	6,051	8,405
Hotel operating expenses	6,941	6,924	19,988	17,103
Bad debt expense (recovery)	62	-17	-87	1,714
Cost of condominium sales	0	0	0	417
Interest expense	2,929	2,481	7,784	7,306
Real estate taxes	1,076	873	3,017	2,956
Other Asset Impairment Charges	0	119	0	119
Property management fees	498	505	1,377	1,280
Asset management fees	564	553	1,692	1,741
General and administrative	1,293	1,076	4,264	4,248
Depreciation and amortization	3,092	2,968	9,457	9,619
Total expenses	18,286	17,750	53,543	54,908
Interest income	9	12	34	42
Gains (Losses) on Extinguishment of Debt	-246	0	-246	0
Other income (expense) net	0	-87	759	-60
Loss from continuing operations before reorganization items, income taxes and equity in losses of unconsolidated joint ventures	-3,685	-3,745	-10,731	-16,364
Reorganization items, net	0	-29	0	-152
Provision for income taxes	-34	-46	-98	-110
Equity in gains (losses) of unconsolidated joint ventures	173	-3,113	105	-2,699
Loss from continuing operations	-3,546	-6,933	-10,724	-19,325
Income from discontinued operations	0	0	0	3,890
Gain on sale of real estate	0	0	476	95
Net loss	-3,546	-6,933	-10,248	-15,340
Add: Net loss (gain) attributable to the noncontrolling interest	'	'	'	'
Continuing operations	104	137	305	407
Discontinued operations	0	0	0	-1,459
Net loss attributable to common shareholders	-3,442	-6,796	-9,943	-16,392
Weighted average shares outstanding:	'	'	'	'
Basic and diluted (in shares)	56,500	56,500	56,500	56,500
Basic and diluted:	'	'	'	'
Continuing operations (in dollars per share)	($0.06)	($0.12)	($0.18)	($0.33)
Discontinued operations (in dollars per share)	$0	$0	$0	$0.04
Basic and diluted loss per share (in dollars per share)	($0.06)	($0.12)	($0.18)	($0.29)
Amounts attributable to common shareholders:	'	'	'	'
Continuing operations	-3,442	-6,796	-9,943	-18,823
Discontinued operations	0	0	0	2,431
Net loss attributable to common shareholders	-3,442	-6,796	-9,943	-16,392
Comprehensive income (loss)	'	'	'	'
Net loss	-3,546	-6,933	-10,248	-15,340
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation gain (loss)	-1,614	866	-1,818	999
Reclassifications to net income:	'	'	86	67
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0	0	0	3,624
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	41	22	86	67
Total other comprehensive income (loss)	-1,573	888	-1,732	4,690
Comprehensive loss	-5,119	-6,045	-11,980	-10,650
Comprehensive loss (income) attributable to noncontrolling interest	104	137	305	-1,149
Comprehensive loss attributable to common shareholders	($5,015)	($5,908)	($11,675)	($11,799)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Distributions and Net Loss	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Convertible Stock
In Thousands, except Share data, unless otherwise specified	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Dec. 31, 2012	$173,592	$6	$505,167	($328,285)	($4,660)	$1,364	'
Balance (in shares) at Dec. 31, 2012	'	56,500,472	'	'	'	'	1,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net loss	-15,340	'	'	-16,392	'	1,052	'
Other comprehensive income (loss):	'	'	'	'	'	'	'
Foreign currency translation gain	999	'	'	'	902	97	'
Reclassification of unrealized foreign currency translation loss to net income	3,624	'	'	'	3,624	'	'
Reclassification of unrealized loss on interest rate derivatives to net loss	67	'	'	'	64	3	'
Balance at Sep. 30, 2013	162,942	6	505,167	-344,677	-70	2,516	'
Balance (in shares) at Sep. 30, 2013	'	56,500,472	'	'	'	'	1,000
Balance at Dec. 31, 2013	159,370	6	505,167	-348,541	366	2,372	'
Balance (in shares) at Dec. 31, 2013	'	56,500,472	'	'	'	'	1,000
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net loss	-10,248	'	'	-9,943	'	-305	'
Contributions from noncontrolling interest	378	'	'	'	'	378	'
Transfer of Noncontrolling Interest	'	'	2,136	'	'	-2,136	'
Other comprehensive income (loss):	'	'	'	'	'	'	'
Foreign currency translation gain	-1,818	'	'	'	-1,818	0	'
Reclassification of unrealized foreign currency translation loss to net income	0	'	'	'	'	'	'
Reclassification of unrealized loss on interest rate derivatives to net loss	86	'	'	'	82	4	'
Balance at Sep. 30, 2014	$147,768	$6	$507,303	($358,484)	($1,370)	$313	'
Balance (in shares) at Sep. 30, 2014	'	56,500,472	'	'	'	'	1,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($10,248)	($15,340)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	9,213	9,483
Amortization of deferred financing fees	1,095	589
Gains (Losses) on Extinguishment of Debt	246	0
Gain on troubled debt restructuring	0	-8,132
Gain on sale of real estate	-476	-95
Foreign currency translation loss	0	3,624
Impairment charge	0	424
Bad debt expense (recovery)	-87	1,603
Equity in losses of unconsolidated joint ventures	-105	2,699
Loss on derivatives	86	68
Change in operating assets and liabilities:	'	'
Accounts receivable	-744	-500
Condominium inventory	0	395
Prepaid expenses and other assets	431	2,023
Accounts payable	327	-788
Accrued and other liabilities	1,162	2,325
Payables to related parties	66	-801
Lease intangibles	-433	-984
Cash provided by (used in) operating activities	533	-3,407
Cash flows from investing activities:	'	'
Proceeds from sale of real estate	1,743	29,034
Additions of property and equipment	-6,711	-1,910
Change in restricted cash	-2,703	-2,782
Net assets consolidated from hotel operations	0	143
Proceeds from Distributions Received from Real Estate Partnerships	452	0
Cash provided by (used in) investing activities	-7,219	24,485
Payments of Financing Costs	-1,450	0
Payments of Debt Extinguishment Costs	-590	0
Cash flows from financing activities:	'	'
Proceeds from notes payable	63,465	2,945
Payments on related parties note payable	0	-1,500
Payments on notes payable	-47,457	-20,940
Contributions from noncontrolling interest holders	378	0
Cash provided by (used in) financing activities	14,346	-19,495
Effect of exchange rate changes on cash and cash equivalents	0	-8
Net change in cash and cash equivalents	7,660	1,575
Cash and cash equivalents at beginning of the year	36,796	34,825
Cash and cash equivalents at end of the period	$44,456	$36,400

Business

Business	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Business	'
	Business
	Behringer Harvard Opportunity REIT I, Inc. (which may be referred to as the “Company,” “we,” “us,” or “our”) was incorporated in November 2004 as a Maryland corporation and has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for federal income tax purposes.
	We operate commercial real estate and real estate-related assets located in and outside the United States on an opportunistic and value-add basis.  We have focused on acquiring properties with significant possibilities for capital appreciation, such as those requiring development, redevelopment, or repositioning, or those located in markets and submarkets with higher volatility, lower barriers to entry, and high growth potential.  We have acquired a wide variety of properties, including office, retail, hospitality, recreation and leisure, multifamily, industrial, and other properties.  We have purchased existing and newly constructed properties and properties under development or construction.  As of September 30, 2014, we wholly owned four properties and consolidated three properties through investments in joint ventures on our condensed consolidated balance sheet.  We are the mezzanine lender for one multifamily property.  In addition, we have a noncontrolling, unconsolidated ownership interest in a joint venture consisting of 21 properties that are accounted for using the equity method.  Substantially all of our business is conducted through Behringer Harvard Opportunity OP I, LP, a Texas limited partnership organized in November 2004 (“Behringer Harvard OP I”), or its subsidiaries.  Our wholly owned subsidiary, BHO, Inc., a Delaware corporation, owns less than a 0.1% interest in Behringer Harvard OP I as its sole general partner.  The remaining interest of Behringer Harvard OP I is held as a limited partnership interest by our wholly owned subsidiary, BHO Business Trust, a Maryland business trust. We have entered our disposition phase and are currently considering liquidity options for our stockholders. Therefore, we are not actively seeking to purchase additional properties. We will seek stockholder approval prior to liquidating our entire portfolio. Our investment properties are located in Colorado, Missouri, Nevada, Texas, The Commonwealth of The Bahamas, the Czech Republic, Poland, Hungary, and Slovakia.
	We are externally managed and advised by Behringer Harvard Opportunity Advisors I, LLC (“Behringer Harvard Opportunity Advisors I” or the “Advisor”), a Texas limited liability company.  Behringer Harvard Opportunity Advisors I is responsible for managing our day-to-day affairs and for identifying and making acquisitions, dispositions, and investments on our behalf.
	Presentation of Financial Statements
	Our financial statements are presented on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business as we proceed through our disposition phase.  As is usual for opportunity-style real estate investment programs, we are structured as a finite life entity, and have entered the final phase of operations.  This phase includes the selling of our assets, retiring our liabilities, and distributing net proceeds to shareholders.  We have experienced significant losses and may generate negative cash flows as mortgage note obligations and expenses exceed revenues.   If we are unable to sell a property when we determine to do so, it could have a significant adverse effect on our cash flows that are necessary to meet our mortgage obligations and our ability to satisfy our other liabilities in the normal course of business.
	Our ability to continue as a going concern is dependent upon our ability to sell real estate investments to pay down debt as it matures if extensions or new financings are unavailable, and our ability to fund ongoing costs of our Company, including our development and operating properties.

Interim_Unaudited_Financial_In

Interim Unaudited Financial Information	9 Months Ended
	Sep. 30, 2014
Interim Unaudited Financial Information	'
Interim Unaudited Financial Information	'
	Interim Unaudited Financial Information
	The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013, which was filed with the Securities and Exchange Commission (“SEC”) on March 25, 2014.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted in this report on Form 10-Q pursuant to the rules and regulations of the SEC.
	The results for the interim periods shown in this report are not necessarily indicative of future financial results.  The accompanying condensed consolidated balance sheets and condensed consolidated statements of equity as of September 30, 2014, the condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2014 and 2013, and the condensed consolidated statements of equity and cash flows for the nine months ended September 30, 2014 and 2013 have not been audited by our independent registered public accounting firm.  In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments necessary to fairly present our condensed consolidated financial position as of September 30, 2014 and our condensed consolidated results of operations, equity, and cash flows for the periods ended September 30, 2014 and 2013.  Such adjustments are normal and recurring in nature.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	Described below are certain of our significant accounting policies.  The disclosures regarding several of the policies have been condensed or omitted in accordance with interim reporting regulations specified by Form 10-Q.  Please see our Annual Report on Form 10-K for a complete listing of all of our significant accounting policies.
	In the Notes to Condensed Consolidated Financial Statements, all dollar and share amounts in tabulation are in thousands of dollars and shares, respectively, unless otherwise noted.
	Real Estate
	We amortize the value of in-place leases acquired to expense over the term of the respective leases.  The value of tenant relationship intangibles is amortized to expense over the initial term and any anticipated renewal periods, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building.  Should a tenant terminate its lease, the unamortized portion of the in-place lease value and tenant relationship intangibles would be charged to expense.  As of September 30, 2014, the estimated remaining useful lives for acquired lease intangibles range from less than 1 year to approximately 8 years.
	Anticipated amortization expense associated with the acquired lease intangibles for each of the following five years as of September 30, 2014 is as follows (in thousands):
	Year	Lease
		Intangibles
	October 1, 2014 - December 31, 2014	$	84
	2015	312
	2016	300
	2017	300
	2018	127
	Accumulated depreciation and amortization related to our consolidated investments in real estate assets and intangibles were as follows (in thousands):
	30-Sep-14	Buildings and Improvements			Land and Improvements			Lease Intangibles			Acquired Below-Market Leases			Other Intangibles
	Cost	$	213,223		$	68,204		$	11,415		$	(3,578	)	$	9,626
	Less: depreciation and amortization	(54,177		)	(1,633		)	(6,828		)	2,413			(4,676		)
	Net	$	159,046		$	66,571		$	4,587		$	(1,165	)	$	4,950
	December 31, 2013	Buildings and Improvements			Land and Improvements			Lease Intangibles			Acquired Below-Market Leases			Other Intangibles
	Cost	$	210,980		$	72,646		$	11,022		$	(3,578	)	$	9,626
	Less: depreciation and amortization	(47,249		)	(1,402		)	(5,929		)	2,141			(4,230		)
	Net	$	163,731		$	71,244		$	5,093		$	(1,437	)	$	5,396
	Condominium Inventory
	Condominium inventory is stated at the lower of cost or fair market value and consists of acquisition costs, construction costs, interest, and real estate taxes, which are capitalized during the period beginning with the commencement of development and ending with the completion of construction.  At September 30, 2014 and December 31, 2013, condominium inventory consisted of $3 million for our one remaining unit at Chase — The Private Residences.
	For condominium inventory, at each reporting date, management compares the estimated fair value less costs to sell to the carrying value.  An adjustment is recorded to the extent that the fair value less costs to sell is less than the carrying value.  We determine the estimated fair value of condominiums based on comparable sales in the normal course of business under existing and anticipated market conditions.  This evaluation takes into consideration estimated future selling prices, costs incurred to date, estimated additional future costs, and management’s plans for the property.
	Accounts Receivable
	Accounts receivable primarily consist of straight-line rental revenue receivables of $6.1 million and $6.2 million as of September 30, 2014 and December 31, 2013, respectively, and receivables from our hotel operators and tenants related to our other consolidated properties of $2.2 million and $3.4 million as of September 30, 2014 and December 31, 2013, respectively.  The allowance for doubtful accounts was $0.3 million and $2.4 million as of September 30, 2014 and December 31, 2013, respectively.
	Reorganization Items, Net
	Reorganization items are expense or income items that were incurred or realized by our special purpose entity Behringer Harvard Frisco Square, LP along with our indirect subsidiaries, BHFS I, LLC, BHFS II, LLC, BHFS III, LLC, BHFS IV, LLC and BHFS Theater, LLC as a result of the 2012 restructuring and are presented separately in the condensed consolidated statements of operations and comprehensive loss.
	Investment Impairment
	For all of our real estate and real estate related investments, we monitor events and changes in circumstances indicating that the carrying amounts of the real estate assets may not be recoverable. Examples of the types of events and circumstances that would cause management to assess our assets for potential impairment include, but are not limited to: a significant decrease in the market price of an asset; a significant change in the manner in which the asset is being used; an accumulation of costs in excess of the acquisition basis plus construction of the property; major vacancies and the resulting loss of revenues; natural disasters; a change in the projected holding period; legitimate purchase offers and changes in the global and local markets or economic conditions. Our assets may at times be concentrated in limited geographic locations and, to the extent that our portfolio is concentrated in limited geographic locations, downturns specifically related to such regions may result in tenants defaulting on their lease obligations at a portion of our properties within a short time period, which may result in asset impairments. When such events or changes in circumstances are present, we assess potential impairment by comparing estimated future undiscounted operating cash flows expected to be generated over the life of the asset and from its eventual disposition to the carrying amount of the asset. These projected cash flows are prepared internally by the Advisor and reflect in-place and projected leasing activity, market revenue and expense growth rates, market capitalization rates, discount rates, and changes in economic and other relevant conditions. The Chief Executive Officer and Chief Financial Officer of the Company review these projected cash flows to assure that the valuation is prepared using reasonable inputs and assumptions that are consistent with market data or with assumptions that would be used by a third-party market participant and assume the highest and best use of the investment. We consider trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. In the event that the carrying amount exceeds the estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the asset to estimated fair value. While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as market rents, economic conditions, and occupancy rates could significantly affect these estimates.
	We also evaluate our investments in notes receivable as of each reporting date. If we believe that it is probable we will not collect all principal and interest in accordance with the terms of the notes, we consider the loan impaired. When evaluating loans for potential impairment, we compare the carrying amount of the loans to the present value of future cash flows discounted at the loan's effective interest rate, or, if a loan is collateral dependent, to the estimated fair value of the related collateral net of any senior loans. For impaired loans, a provision is made for loan losses to adjust the reserve for loan losses. The reserve for loan losses is a valuation allowance that reflects our current estimate of loan losses as of the balance sheet date. The reserve is adjusted through the provision for loan losses account on our condensed consolidated statements of operations and comprehensive loss.
	In evaluating our investments for impairment, management may use appraisals and make estimates and assumptions, including, but not limited to, the projected date of disposition of the properties, the estimated future cash flows of the properties during our ownership, planned development and the projected sales price of each of the properties. A future change in these estimates and assumptions could result in understating or overstating the book value of our investments, which could be material to our financial statements.
	We also evaluate our investments in unconsolidated joint ventures at each reporting date. If we believe there is an other than temporary decline in market value, we will record an impairment charge based on these evaluations. We assess potential impairment by comparing our portion of estimated future undiscounted operating cash flows expected to be generated by the joint venture over the life of the joint venture's assets to the carrying amount of the joint venture. In the event that the carrying amount exceeds our portion of estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the joint venture to its estimated fair value.
	The value of our properties held for development depends on market conditions, including estimates of the project start date, as well as estimates of future demand for the property type under development. We have analyzed trends and other information related to each potential development and incorporated this information, as well as our current outlook, into the assumptions we use in our impairment analyses. Due to the judgment and assumptions applied in the estimation process with respect to impairments, including the fact that limited market information regarding the value of comparable land exists at this time, it is possible actual results could differ substantially from those estimated.
	We believe the carrying value of our operating real estate assets, our property under development, investments in unconsolidated joint ventures, and notes receivable is currently recoverable. However, if market conditions worsen beyond our current expectations, or if our assumptions regarding expected future cash flows from the use and eventual disposition of our assets decrease or our expected hold periods decrease, or if changes in our development strategy significantly affect any key assumptions used in our fair value calculations, we may need to take additional charges in future periods for impairments related to existing assets. Any such non-cash charges would have an adverse effect on our consolidated financial position and results of operations.
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  These estimates include such items as purchase price allocation for real estate acquisitions, impairment of long-lived assets, depreciation and amortization, allowance for doubtful accounts, and allowance for loan losses.  Actual results could differ from those estimates.
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements.
	New Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08 (“ASU 2014-08”), Presentation of Financial Statements and Property, Plant, and Equipment (Topics 205 and 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.  The updated guidance revised the definition of a discontinued operation by limiting discontinued operations reporting to disposals of components of an entity that represent a strategic shift, or change in the entity's strategy, that has, or will have, a major effect on an entity’s operations and financial results. This guidance applies to a component of an entity or a group of components of an entity classified as held for sale or disposed of by sale or by means other than a sale, such as an abandonment. Examples of a strategic shift could include a disposal of all assets in a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity. In addition, ASU 2014-08 requires expanded disclosures for discontinued operations so users of the financial statements will be provided with more information about the assets, liabilities, revenues and expenses of discontinued operations. ASU 2014-08 is effective prospectively for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. We are currently evaluating the impact this guidance will have on our consolidated financial statements when adopted.
	In May 2014, the FASB issued an update (“ASU 2014-09”) to ASC Topic 606, Revenue from Contracts with Customers.  ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance.  ASU 2014-09 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures.  ASU 2014-09 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2016.  We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.
	In July 2014, the FASB issued an update ("ASU 2014-15"), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. ASU 2014-15 requires management's assessment of a company's ability to continue as a going concern and provide related footnote disclosures when conditions give rise to substantial doubt about a company's ability to continue as a going concern within one year from the financial statement issuance date. ASU 2014-15 applies to all companies and is effective for the annual period ending after December 15, 2016, and all annual and interim periods thereafter. We are currently evaluating the impact of the adoption of ASU 2014-15 on our consolidated financial statements and notes therein.

Assets_and_Liabilities_Measure

Assets and Liabilities Measured at Fair Value	9 Months Ended
	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]	'
Assets and Liabilities Measured at Fair Value	'
	4. Assets and Liabilities Measured at Fair Value
	Fair value measurements are determined based on the assumptions that market participants would use in pricing the asset or liability.  As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy) has been established.
	Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets and liabilities that we have the ability to access.  Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals.  Level 3 inputs are unobservable inputs for the asset or liability that are typically based on an entity’s own assumptions, as there is little, if any, related market activity.  In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety.  Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.
	Recurring Fair Value Measurements
	Historically, we have used interest rate caps to manage our interest rate risk.  The valuation of these instruments was determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative.  This analysis reflected the contractual terms of the derivatives, including the period to maturity, and used observable market-based inputs, including interest rate curves, implied volatilities, and foreign currency exchange rates.
	We incorporated credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.  Although we determined that the majority of the inputs used to value our derivatives fell within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilized Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by itself and its counterparties.  However, as of December 31, 2013, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of our derivatives.  As a result, we determined that our derivative valuations in their entirety were classified in Level 2 of the fair value hierarchy.
	As of December 31, 2013, our derivatives had a fair value of zero. As of September 30, 2014, we had no derivatives.
	Nonrecurring Fair Value Measurements
	We recorded no non-cash impairment charges during the nine months ended September 30, 2014.
	For the year ended December 31, 2013, we recorded the following non-cash impairment charges. During the fourth quarter, we recorded $0.3 million of impairment expense to reduce the carrying value of condominiums at Chase—The Private Residences to current market prices and an additional $0.2 million of impairment was recorded on a related intangible asset. We recorded $0.3 million in discontinued operations related to a reduction in the fair value of the Becket House leasehold interest based upon the final negotiated sales price.  On April 5, 2013, we sold Becket House.  In addition, we recorded non-cash impairment charges of $0.1 million in continuing operations related to 4950 S. Bowen Road land based upon the sale price. The sale was completed on October 22, 2013.
	The inputs used to calculate the fair value of these assets included bona fide purchase offers, or the expected sales price of an executed sales agreement and market comparables. The market comparable estimate is considered Level 3 under the fair value hierarchy described above.
	The following fair value hierarchy table presents information about our assets measured at fair value on a nonrecurring basis during the period presented (in thousands):
	As of December 31, 2013		Level 1		Level 2			Level 3		Total Fair Value		Gain /
												(Loss)(1)
	Assets
	Land and improvements, net		$	—	$	1,523		$	—	$	1,523	$	(119	)
	Condominium inventory (finished units)		—		—			3,158		3,158		(264		)
	Other intangibles		—		—			—		—		(244		)
			$	—	$	1,523		$	3,158	$	4,681	$	(627	)
	_________________________________
	-1	Excludes $0.3 million in impairment losses recorded in the first quarter of 2013 and included in discontinued operations for Becket House that was disposed of as of December 31, 2013.
	Quantitative Information about Level 3 Fair Value Measurements
	($ in thousands, except per square feet)
	Description		Fair Value		Valuation		Unobservable Input	Range (Weighted Average)
			at December 31, 2013		Techniques
	Condominium inventory (finished units)(1)		$	3,158	Market comparable		Amount per condo unit due to limited market comparables	$455 to $607 per square feet
	________________________________
	-1	In the fourth quarter of 2013, we recorded an impairment of $0.3 million associated with units sold.
	There were no transfers of assets or liabilities between the levels of the fair value hierarchy during the nine months ended September 30, 2014 and the year ended December 31, 2013.

Fair_Value_Measurement_of_Fina

Fair Value Measurement of Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurement of Financial Instruments	'
	5. Fair Value Measurement of Financial Instruments
	We determined the following disclosure of estimated fair values using available market information and appropriate valuation methodologies. Considerable judgment is necessary to interpret market data and develop the related estimates of fair value. Accordingly, the estimates presented are not necessarily indicative of the amounts that could be realized upon disposition of the financial instruments. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.
	As of September 30, 2014 and December 31, 2013, management estimated that the carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued expenses, other liabilities, payables/receivables from related parties, and distributions payable were at amounts that reasonably approximated their fair value based on their highly liquid nature and/or short-term maturities, and the carrying value of notes receivable reasonably approximated fair value based on expected interest rates for notes to similar borrowers with similar terms and remaining maturities.
	The notes payable totaling $154 million as of September 30, 2014 and $138.1 million as of December 31, 2013, with balances, net of unamortized premium, of $153.7 million and $137.7 million, respectively, have a fair value of approximately $154.6 million and $135.8 million, respectively. The fair values are based upon interest rates for mortgages with similar terms and remaining maturities that management believes we could obtain. Interest rate swaps and caps are recorded at their respective fair values in prepaid expenses and other assets. The fair value of the notes payable is categorized as a Level 2 basis. The fair value is estimated using a discounted cash flow analysis valuation on the borrowing rates currently available for loans with similar terms and maturities. The fair value of the notes payable was determined by discounting the future contractual interest and principal payments by a market rate.
	The fair value estimates presented herein are based on information available to our management as of September 30, 2014 and December 31, 2013. Although our management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these condensed consolidated financial statements since those respective dates, and current estimates of fair value may differ significantly from the amounts presented herein.

Real_Estate_Investments

Real Estate Investments	9 Months Ended
	Sep. 30, 2014
Real Estate [Abstract]	'
Real Estate Investments	'
	6. Real Estate Investments
	As of September 30, 2014, we wholly owned four properties and consolidated three properties through investments in joint ventures on our condensed consolidated balance sheets.  We are the mezzanine lender for one multifamily property.  In addition, we have a noncontrolling, unconsolidated ownership interest in a joint venture consisting of 21 properties that are accounted for using the equity method.  Capital contributions, distributions, and profits and losses of these properties are allocated in accordance with the terms of the applicable partnership agreement.
	The following table presents certain information about our consolidated properties as of September 30, 2014:
	Property Name		Location		Approximate			Description	Ownership			Year
					Rentable				Interest			Acquired
					Square
					Footage
	Chase Park Plaza		St. Louis, Missouri		—			hotel and condominium development property	100%		-1	2006
	Las Colinas Commons		Irving, Texas		239,000			3-building office complex	100%			2006
	Frisco Square		Frisco, Texas		-2			mixed-use development (multifamily, retail, office, restaurant and land)	(2) (3)			2007
	Northpoint Central		Houston, Texas		180,000			9-story office building	100%			2007
	The Lodge & Spa at Cordillera		Edwards, Colorado		—			land, hotel and development property	94%			2007
	Northborough Tower		Houston, Texas		207,000			14-story office building	100%			2008
	Royal Island(4)		Commonwealth of Bahamas		—			land	87%			2012
	_________________________________
	-1	On August 5, 2014, we received the 5% interests of Chase Park Plaza Hotel and Chase — The Private Residences held by Kingsdell, L.P. and now own 100% of the entities.
	-2	Our Frisco Square mixed-use development consists of 101,000 square feet of office space, 71,000 square feet of retail, a 41,500 square foot movie theater, 144 multifamily units, approximately 27 acres of land which we own 100%, and a 90% interest in a 3.4 acre multifamily project in development.
	-3	On August 26, 2014, we contributed 3.4 acres of land held by our Frisco Square mixed-use project to a joint venture. We own a 90% interest in the venture which was formed to construct a 275-unit multifamily project. Construction on the development began on September 2, 2014.
	-4	Our initial investment in Royal Island was made in May 2007. We consolidated Royal Island as of June 6, 2012 when we obtained all of the outstanding shares of Royal Island (Australia) Pty Limited. A third party indirectly owns 12.71% of Royal Island.
	We recorded non-cash impairment charges within discontinued operations of approximately $0.3 million related to a reduction in the fair value of certain of our real estate assets during the nine months ended September 30, 2013.  See Note 4, Assets and Liabilities Measured at Fair Value - Nonrecurring Fair Value Measurements, for additional information.
	Real Estate Development
	The Ablon at Frisco Square
	On August 26, 2014, we contributed 3.4 acres of land held by our Frisco Square mixed-use project to The Ablon at Frisco Square, LLC (“Ablon Frisco Square Venture”), a special purpose entity in which we own a 90% limited partnership interest. The venture was formed to construct a 275-unit multifamily project. Construction on the development began on September 2, 2014. Total construction costs are expected to be approximately $42.1 million. Concurrently with the land contribution, we closed on a $26.3 million construction loan. See Note 7, Notes Payable, for additional information.
	Real Estate Asset Dispositions
	Frisco Square Land Sale
	On June 13, 2014, we sold 1.62 acres of land to an unrelated third party at our Frisco Square development for approximately $1.8 million and recorded a $0.5 million gain on sale of real estate. The gain on sale of real estate is included in continuing operations. The land will be used for a building and parking garage development (the "Gearbox" development). The City of Frisco holds a lien on all of the undeveloped Frisco land as security to provide parking under our development agreement.  We escrowed $0.6 million of the sales proceeds for the benefit of the City of Frisco as substitute security to obtain a lien release on the 1.62 acres. Concurrently, we contributed 1.66 acres of land to the unrelated third party for the development of the Gearbox garage that will meet a portion of an obligation to provide parking under our development agreement with the City of Frisco (see Note 9, Commitments and Contingencies).  As the public parking to be constructed is an amenity of the Frisco Square development, we allocated the cost basis of the contributed land to the remaining 34 undeveloped acres.
	The Lodge & Spa at Cordillera
	On October 31, 2014, we signed an agreement to sell The Lodge & Spa at Cordillera to an unrelated third party at a contract price that is in excess of our book value. The sale is expected to close in mid-December 2014. The agreement has a 45-day due diligence period during which the Purchaser may terminate the agreement without penalty. There can be no assurances that we will complete the sale.
	Investment in Unconsolidated Joint Venture
	The following table presents certain information about our unconsolidated investment as of September 30, 2014 and December 31, 2013 ($ in thousands):
						Carrying Value of Investment
	Property Name		Ownership			30-Sep-14			December 31, 2013
			Interest
	Central Europe Joint Venture		47.01	%		$	16,330		$	18,495
	Our investment in the unconsolidated joint venture as of September 30, 2014 and December 31, 2013 consisted of our proportionate share of the combined assets and liabilities of our investment property, shown at 100%, as follows (in thousands):
			30-Sep-14				December 31, 2013
	Real estate assets, net		$	93,228			$	108,795
	Cash and cash equivalents		3,948				3,627
	Other assets		1,817				2,022
	Total assets		$	98,993			$	114,444
	Notes payable		$	69,540			$	80,968
	Other liabilities		2,507				3,139
	Total liabilities		72,047				84,107
	Equity		26,946				30,337
	Total liabilities and equity		$	98,993			$	114,444
	Our equity in earnings and losses from our investment is our proportionate share of the combined earnings and (losses) of our unconsolidated joint venture for the three and nine months ended September 30, 2014 and 2013, shown at 100%, as follows (in thousands):
		Three Months Ended September 30,							Nine Months Ended September 30,
		2014				2013			2014			2013
	Revenue	$	2,650			$	2,668		$	8,245		$	8,484
	Operating expenses:
	Operating expenses	637				708			1,884			2,139
	Property taxes	79				80			246			239
	Total operating expenses	716				788			2,130			2,378
	Operating income	1,934				1,880			6,115			6,106
	Non-operating expenses:
	Depreciation and amortization	1,033				1,162			3,269			3,629
	Impairment charges	—				5,913			—			5,913
	Interest and other, net	938				1,429			3,026			2,306
	Gain on sale	(404		)		—			(404		)	—
	Total non-operating expenses	1,567				8,504			5,891			11,848
	Net income (loss)	$	367			$	(6,624	)	$	224		$	(5,742	)
	Equity in earnings (losses) of unconsolidated joint ventures(1)	$	173			$	(3,113	)	$	105		$	(2,699	)
	________________________________
-1	Company’s share of net income (loss).
On August 7, 2014 one of our Central Europe Joint Venture properties was sold for €3.6 million.  For the three and nine months ended September 30, 2014, we recognized our portion of the net gain of €0.1 million (or $0.2 million) related to this sold asset as equity in earnings of unconsolidated joint venture. The net proceeds to the joint venture, after the repayment of debt and closing costs, were approximately €1.3 million. The joint venture distributed €0.8 million of proceeds. Our portion was approximately €0.4 million. The remaining proceeds from the sale were retained for working capital and to pay down debt for other assets in the venture.

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Notes Payable	'
	Notes Payable
	The following table sets forth our notes payable on our consolidated properties at September 30, 2014 and December 31, 2013 ($ in thousands):
			Notes Payable as of
	Description		30-Sep-14		December 31, 2013		Interest Rate	Maturity Date
	Northborough Tower		$	19,207	$	19,600	5.67%	1/11/16
	Royal Island(1)		13,872		12,907		15.00%	10/10/16
	Northpoint Central		15,635		15,813		5.15%	5/9/17
	Las Colinas Commons		11,530		11,661		5.15%	5/9/17
	Chase Park Plaza Hotel and Chase — The Private Residences		62,500		46,511		4.95%(2)	8/11/17
	BHFS II, LLC		7,000		7,083		30-day LIBOR + 3%(3)	2/1/18
	BHFS III, LLC		6,284		6,358		30-day LIBOR + 3%(3)	2/1/18
	BHFS IV, LLC		13,053		13,208		30-day LIBOR + 3%(3)	2/1/18
	BHFS Theatre, LLC		4,886		4,944		30-day LIBOR + 3%(3)	2/1/18
			$	153,967	$	138,085
	_________________________________
	-1	In February 2013, the lenders agreed to increase the amount available to draw on the loan to $11.6 million. In June 2013, the lenders further increased the amount available to draw to $12.4 million. Beginning in October 2013 through June 2014, the lenders increased the availability each month by the amount of the monthly operating costs. The lender ceased funding the monthly operating costs in July 2014. As of September 30, 2014, the outstanding balance on the loan was $13.9 million. See New Financing and Modification below.
	-2	On August 11, 2014, we refinanced the Chase Park Plaza Hotel debt with a new lender for $62.5 million in proceeds. The interest rate went from 30-day London Interbank Offer Rate (“LIBOR”) + 6.75%, with LIBOR subject to a floor of 0.75%, to 4.95% on the new debt. See below for additional terms of the new loan.
	-3	30-day LIBOR was 0.15% at September 30, 2014. LIBOR interest rate subject to floor of 0.75%.
	Our notes payable balance was $154 million at September 30, 2014, as compared to $138.1 million as of December 31, 2013, and consisted of new financing and loan assumptions related to our consolidated property acquisitions.
	Each of our notes payable is collateralized by one or more of our properties.  At September 30, 2014, our notes payable interest rates ranged from 3.2% to 15%, with a weighted average interest rate of approximately 6%.  Of our $154 million in notes payable at September 30, 2014, $31.2 million represented debt subject to variable interest rates.  At September 30, 2014, our notes payable had maturity dates that ranged from January 2016 to February 2018.  We have unconditionally guaranteed payment of the notes payable related to the four loan tranches associated with our Frisco Square investment (the “BHFS Loans”) up to $11.2 million.  The BHFS loans had an outstanding balance at September 30, 2014 of $31.2 million.
	Our debt secured by Chase Park Plaza Hotel and Chase — The Private Residences (the "Chase Park Plaza Hotel" debt) was scheduled to mature on December 9, 2014. The loan became available for prepayment without penalty in December 2013. On August 11, 2014, we refinanced the Chase Park Plaza Hotel debt with a new lender for $62.5 million in proceeds. A fee of $590,000 was paid and recorded to interest expense at the time of payment. The loan bears interest at 4.95% and matures in three years with two one-year extensions available. The new loan requires interest-only payments in the first year and principal payments based upon a 25-year amortization schedule during the remaining term, including extension periods. The loan is not prepayable in the first year and requires a prepayment penalty for months 13 through 30 of the original term. A portion of the proceeds from the new loan were used to repay the old debt, which had a balance of approximately $46.5 million, and closing costs. We recognized approximately $0.2 million loss on early extinguishment of debt in our condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2014 related to unamortized deferred borrowing costs on the old debt. We have guaranteed that $6.5 million of the proceeds will be utilized for a room and retail renovation program at the Chase Park Plaza Hotel.
	New Financing and Modification
	In February 2011, Behringer Harvard Royal Island Debt, L.P. secured a $10.4 million loan (the "Debt LP Loan") for the purpose of preserving and protecting the collateral securing the bridge loan. The operating costs of our Royal Island property have been funded primarily through the Debt LP Loan. In February 2013, the lenders agreed to increase the amount available to draw on the Debt LP Loan to $11.6 million. In June 2013, the lenders further increased the amount available to draw to $12.4 million. Beginning in October 2013, the lenders increased the availability each month by the amount of the monthly operating costs. The lender ceased funding the monthly operating costs in July 2014. The Debt LP Loan bears interest at 15% per annum. Payments are due from proceeds from sales or refinancing of the project or from payments received on the bridge loan. The Debt LP Loan matures at the earlier of (a) the date that the cash proceeds from sales of the collateral or refinancing of the bridge loan repay all accrued principal and interest outstanding, or (b) October 10, 2016. On September 30, 2014 and December 31, 2013, the outstanding balance of the Debt LP Loan was $13.9 million and $12.9 million, respectively.
	On August 26, 2014 the Ablon Frisco Square Venture obtained a $26.3 million construction loan. The loan incurs interest at 30-day LIBOR plus 2.5% and has a 3-year term with two 12-month extensions available. Payments of interest-only are required during the initial 3-year term. Equity of $15.8 million must be contributed to the project before any draws under the loan. As of September 30, 2014, the partners have funded $4 million of equity (which includes land) towards the construction. We have not drawn any funds under the construction loan to date. Our joint venture partner, or one of its affiliates, has provided the completion guaranty and any other carve-out guaranties for the construction loan.
	The following table summarizes our aggregate contractual obligations for principal payments as of September 30, 2014 (in thousands):
	Principal Payments Due:	Amount
	October 1, 2014 - December 31, 2014	$	321
	2015	2,168
	2016	35,871
	2017	85,921
	2018	29,455
	Total contractual obligations	153,736
	Unamortized premium	231
	Total	$	153,967

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities	'
	erivative Instruments and Hedging Activities
	We may be exposed to the risk associated with variability of interest rates that might impact our cash flows and the results of operations.  Our hedging strategy of entering into interest rate caps and swaps, therefore, has been to eliminate or reduce, to the extent possible, the volatility of cash flows.
	In November 2011, we entered into an interest rate cap agreement related to the debt on our Chase Park Plaza Hotel and Chase—The Private Residences. We refinanced this debt on August 11, 2014 and the interest rate cap was cancelled. The new loan bears interest at a fixed rate of 4.95%; therefore we will not enter into an interest rate cap agreement for this loan.
	Derivative instruments classified as assets had a combined fair value of zero at December 31, 2013.  We had no derivative instruments classified as liabilities as of December 31, 2013.  During the nine months ended September 30, 2014 and 2013, we recorded a reclassification of unrealized loss of less than $0.1 million to interest expense to adjust the carrying amount of the interest rate caps qualifying as non-hedges at September 30, 2014 and 2013. We had no derivative instruments as of September 30, 2014.
	The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of operations and comprehensive loss as of September 30, 2014 and 2013 (in thousands):
		Derivatives Not Designated as Hedging Instruments
		Amount of Loss (1)						Amount of Loss (1)
		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
	Interest rate	$	(41	)	$	(22	)	$	(86	)	$	(67	)
	_________________________________
	(1)  Amounts related to interest rate derivative contracts are included in interest expense.
	Credit risk and collateral
	Our credit exposure related to interest rates is represented by the fair value of contracts with a net liability fair value at the reporting date. These outstanding instruments may expose us to credit loss in the event of nonperformance by the counterparties to the agreements. However, we have not experienced any credit loss as a result of counterparty nonperformance in the past. To manage credit risk, we select and will periodically review counterparties based on credit ratings and limit our exposure to any single counterparty.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Frisco Square
	In connection with our investment in the Frisco Square property, we are responsible, through our wholly owned subsidiaries who hold title to the Frisco Square property, for half of the bond debt service related to the $12.5 million of bonds (the “Bond Obligation”) the City of Frisco issued to fund public improvements within the Frisco Square Management District (the “MMD”).  For each $1 million increase in assessed value for the real property within the MMD above $125 million, the Bond Obligation will be reduced by 0.5% and will be terminated at $225 million of real property values.   At September 30, 2014, the total outstanding Bond Obligation was $5.2 million.
	Although, as described above, we are ultimately responsible for half of the bond debt service, the Frisco Square Property Owner’s Association (the “POA”) has the authority to assess its members for various monetary obligations related to the Frisco Square development, including the Bond Obligation, based upon the value of the real property and real property improvements.  We are not the sole member of the POA.  The annual bond debt service assessed by the POA is approximately $0.5 million. For the year ended December 31, 2013, we estimated our annual pro rata share of the expense at approximately $0.4 million. As a result of land sales and new assessed values within the POA, the revised estimate of our annual obligation has decreased to $0.2 million. For the nine months ended September 30, 2014, we have an expense credit of less than $0.1 million as a result of an adjustment of previously accrued amounts based upon the new estimate of the obligation. This credit is included in the accompanying condensed consolidated statements of operations and other comprehensive loss.
	We are also obligated to construct a minimum of two parking garages with 720 spaces by February 1, 2018 (the “Parking Obligation”). The City of Frisco has secured the Bond Obligation and the Parking Obligation by placing liens on the vacant land held by our indirect, wholly owned Frisco Square subsidiaries. In the event we sell all or a part of the vacant land, 33% of the net sales proceeds are to be deposited into an escrow account for the benefit of the City of Frisco to secure the Parking Obligations until the amount in the escrow is $7 million. Currently, the escrow account balance is $1.4 million. The book value of the vacant land is approximately $28 million. On February 4, 2014, the City of Frisco amended the Parking Obligation with respect to its lien on the vacant land. Under the amended Parking Obligation, if we contribute land for the development of a garage (the "Gearbox Garage") and build two additional garages that provide at least 108 parking spaces that are open and free to the public at all times, the City of Frisco will not require any further escrow of funds from the sale of the Frisco Square land and will release the lien on the Frisco Square land. As discussed in Note 6, Real Estate Investments, on June 13, 2014, we sold 1.62 acres of land to an unrelated third party for a building and parking garage development (the “Gearbox” development) and escrowed $0.6 million of the proceeds from the sale. Concurrently, we contributed 1.66 acres of land for the development of the Gearbox Garage. We are currently in negotiations with the Gearbox developer to contribute funds to provide additional parking that will meet a portion of our Parking Obligation.
	On August 7, 2014, Ablon Frisco Square Venture, a special purpose entity in which we own a 90% limited partnership investment, executed a $33.2 million general construction contract for a 275-unit multifamily development located in Frisco Square. Construction commenced on September 2, 2014.
	Also, on September 2, 2014, we commenced construction on the public structured garage. We anticipate completing the multifamily garage and the public structured garage in the fourth quarter of 2015, which, along with the completion of the Gearbox garage, would fulfill our Parking Obligation with the City of Frisco.
	Chase Park Plaza Hotel
	On February 19, 2013, we terminated the hotel operating lease between Chase Park Plaza Hotel, LLC (“CPPH” or the "Plaintiff"), a 95% owned subsidiary of the Company that owns Chase Park Plaza Hotel, and Kingsdell, L.P., an unrelated entity that owned 5% of CPPH, and terminated CWE Hospitality Services, LLC as the Hotel’s management company.
	Also on February 19, 2013, CPPH filed a lawsuit in the Circuit Court of the City of St. Louis, State of Missouri against James L. Smith, Francine V. Smith, Marcia Smith Niedringhaus, Kingsdell, L.P., and CWE Hospitality Services, LLC (collectively, the “Smith Defendants”). As part of the lawsuit, CPPH also filed a Motion for a Temporary Restraining Order, Preliminary and Permanent Injunction requesting the Court remove the Smith Defendants from the property and from interfering with Plaintiff and the Hotel. The Temporary Restraining Order was granted on February 19, 2013.
	On March 22, 2013, the Smith Defendants filed counterclaims in connection with CPPH taking control of the Hotel and seeking unspecified damages.
	On March 3, 2014, the Court granted CPPH’s request to amend its complaint to assert claims of fraud and conspiracy against the attorneys and accountants advising the Smith Defendants.
	On May 5, 2014, the attorneys and accountants were served and filed motions to dismiss.
	On August 5, 2014, we entered into a Mutual General Waiver, Settlement, and Permanent Release with the Smith Defendants, pursuant to which all claims made by us against the Smith Defendants and all counterclaims of the Smith Defendants against us were settled, and as a result of the settlement, we received the 5% interests of Chase Park Plaza Hotel and Chase — The Private Residences held by Kingsdell, L.P. We now own 100% of the entities.
	On August 8, 2014, we and the Smith Defendants filed a joint motion of dismissal with respect to the claims and counterclaims against each other.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	Behringer Harvard Opportunity Advisors I and certain of its affiliates receive fees and compensation in connection with the acquisition, financing, management, and sale of our assets.
	Since our inception, the Advisor or its predecessors have been responsible for managing our day-to-day affairs and for, among other things, identifying and making acquisitions and other investments on our behalf.  Our relationship with the Advisor, including the fees paid by us to the Advisor or the reimbursement of expenses by us for amounts paid, or incurred by the Advisor, on our behalf is governed by an advisory management agreement that has been in place since September 20, 2005 and amended at various times thereafter.  We are currently party to the Third Amended and Restated Advisory Management Agreement (the "Advisory Agreement") which became effective May 15, 2013 and was set to expire May 15, 2014. On May 6, 2014, the Advisory Agreement was renewed for a term of one year, effective May 15, 2014 with an expiration date of May 15, 2015. The terms of the Advisory Agreement remain unchanged.
	During the three and nine months ended September 30, 2014 and 2013, Behringer Harvard Opportunity Advisors I received an asset management fee of 0.575% of the aggregate asset value of acquired real estate and real estate related assets other than Alexan Black Mountain and Royal Island. The fee is payable monthly in arrears in an amount equal to one-twelfth of 0.575% of the aggregate asset value as of the last day of the month.  For the three months ended September 30, 2014 and 2013, we incurred $0.6 million of asset management fees.  For the nine months ended September 30, 2014 and 2013, we incurred $1.7 million and $1.8 million, respectively, of asset management fees. Amounts include asset management fees that were classified to discontinued operations for our held for sale property and our disposed properties for the three and nine months ended September 30, 2013.
	Behringer Harvard Opportunity Advisors I, or its affiliates, receive acquisition and advisory fees of 2.5% of the contract purchase price of each asset for the acquisition, development or construction of real property or 2.5% of the funds advanced in respect of a loan investment. For the three and nine months ended September 30, 2014, we incurred acquisition and advisory fees of less than $0.1 million related to The Ablon at Frisco Square development.  For the three and nine months ended September 30, 2013, there were no acquisition and advisory fees.
	Under the Advisory Agreement, the debt financing fee paid to the Advisor for a Loan (as defined in the Advisory Agreement) will be 1% of the loan commitment amount.  Amounts due to the Advisor for a Revised Loan (as defined in the agreement) will be 40 basis points of the loan commitment amount for the first year of any extension (provided the extension is for at least 120 days), an additional 30 basis points for the second year of an extension, and another 30 basis points for the third year of an extension in each case, prorated for any extension period less than a full year.  The maximum debt financing fee for any extension of three or more years is 1% of the loan commitment amount. We incurred $0.6 million in debt financing fees for the three and nine months ended September 30, 2014 related to the Chase Park Plaza Hotel debt that we refinanced on August 11, 2014. We did not incur any debt financing fees for the three and nine months ended September 30, 2013.
	We reimburse Behringer Harvard Opportunity Advisors I or its affiliates for all expenses paid or incurred by them in connection with the services they provide to us, including direct expenses and the costs of salaries and benefits of persons employed by those entities and performing services for us, subject to the limitation that we will not reimburse for any amount by which our Advisor’s operating expenses (including the asset management fee) at the end of the four fiscal quarters immediately preceding the date reimbursement is sought exceeds the greater of:  (1) 2% of our average invested assets or (2) 25% of our net income for that four quarter period other than any additions to reserves for depreciation, bad debts or other similar non-cash reserves and any gain from the sale of our assets for that period.  Notwithstanding the preceding sentence, we may reimburse the Advisor for expenses in excess of this limitation if a majority of our independent directors determines that such excess expenses are justified based on unusual and non-recurring factors.  We do not reimburse our Advisor for the salaries and benefits that our Advisor or its affiliates pay to our named executive officers.  For the three months ended September 30, 2014 and 2013, we incurred costs for administrative services of $0.4 million and $0.2 million, respectively. For the nine months ended September 30, 2014 and 2013, we incurred costs for administrative services of $1.2 million and $0.9 million, respectively.
	We pay our property manager and affiliate of the Advisor, Behringer Harvard Opportunity Management Services, LLC or its affiliates (collectively, “BH Property Management”), fees for management, leasing, and maintenance supervision of our properties.  Such fees are equal to 4.5% of gross revenues plus leasing commissions based upon the customary leasing commission applicable to the same geographic location of the respective property.  In the event that we contract directly with a non-affiliated third-party property manager in respect of a property, we will pay BH Property Management an oversight fee equal to 0.5% of gross revenues of the property managed.  In no event will we pay both a property management fee and an oversight fee to BH Property Management with respect to any particular property.  In the event we own a property through a joint venture that does not pay BH Property Management directly for its services, we will pay BH Property Management a management fee or oversight fee, as applicable, based only on our economic interest in the property.  We incurred property management fees or oversight fees of $0.3 million during the three months ended September 30, 2014 and 2013. We incurred property management fees or oversight fees of $0.7 million during the nine months ended September 30, 2014 and 2013.
	On March 29, 2011, we obtained a $2.5 million loan from our Advisor to bridge our short-term liquidity needs.  The $2.5 million loan bore interest at a rate of 5% and had a maturity date of the earliest of (i) March 29, 2013, (ii) the termination without cause of the advisory management agreement, or (iii) the termination without cause of the property management agreement.  On March 25, 2013, we fully repaid the loan and the accrued interest.
	At September 30, 2014 and December 31, 2013, we had a payable to our Advisor and its affiliates of $0.8 million. These balances consist of accrued fees, including asset management fees, administrative service expenses, property management fees and other miscellaneous costs payable to Behringer Harvard Opportunity Advisors I and BH Property Management.
	We are dependent on Behringer Harvard Opportunity Advisors I and BH Property Management for certain services that are essential to us, including asset acquisition and disposition decisions, property management and leasing services, and other general administrative responsibilities.  In the event that these companies are unable to provide us with the respective services, we would be required to obtain such services from other sources.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]	'
Supplemental Cash Flow Information	'
	Supplemental Cash Flow Information
	Supplemental cash flow information is summarized below:
		Nine months ended September 30,
	Description	2014		2013
	Supplemental disclosure:
	Interest paid, net of amounts capitalized	$	5,277	$	9,852
	Reorganization expenses paid	—		720
	Income taxes paid, net of refunds	150		250
	Non-cash investing and financing activities:
	Property and equipment additions and purchases of real estate in accrued liabilities	971		146
	Capital expenditures for real estate under development in accounts payable and accrued liabilities	1,418		—
	Additions to real estate under development reclassified from land	3,346		—
	Additions to land and land improvements reclassed from real estate under development	170		—
	Additions to furniture, fixtures and equipment reclassed from real estate under development	211		—
	Capitalized deferred financing costs in accrued liabilities	8		—
	Consolidation of hotel operations with no consideration paid:
	Assets consolidated	—		(2,649		)
	Liabilities consolidated	—		2,649

Discontinued_Operations_and_Re

Discontinued Operations and Real Estate Held for Sale	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Real Estate Held for Sale	'
Discontinued Operations and Real Estate Held for Sale	'
	Discontinued Operations and Real Estate Held for Sale
	We had no properties classified as held for sale at September 30, 2014 and December 31, 2013. We sold no properties during the nine months ended September 30, 2014.
	The following table summarizes the disposition of our properties during 2013 (in millions):
	Property Name		Date of Disposition		Contract Sales Price
	Becket House		April 5, 2013		$	19.8
	Rio Salado(1)		May 28, 2013		9.3
	4950 S. Bowen Road(1)		22-Oct-13		1.6
	_________________________________
	(1)  Rio Salado and 4950 S. Bowen Road represented land-only interests and, therefore, did not qualify as discontinued operations.
	We classified the results of operations for Becket House into discontinued operations in the accompanying condensed consolidated statements of operations and comprehensive loss for the nine months ended September 30, 2013, as summarized in the following table (in thousands):
			Nine Months Ended September 30, 2013
	Revenues
	Rental revenue		$	429
	Expenses
	Property operating expenses		189
	Bad debt recovery		(111		)
	Interest expense		634
	Real estate taxes		(9		)
	Impairment charge		305
	Property management fees		23
	Asset management fees		16
	Total expenses		1,047
	Realized loss on currency translation(1)		(3,624		)
	Gain on troubled debt restructuring(1)		8,132
	Income from discontinued operations		3,890
	Income attributable to noncontrolling interests		(1,459		)
	Income from discontinued operations attributable to the Company		$	2,431
	________________________________
	(1)	Due to the sale of Becket House on April 4, 2013, $3.6 million was reclassified from unrealized foreign currency translation loss in OCI to net loss and $8.1 million was recorded as a gain on troubled debt restructuring. There were no discontinued operations for the three months ended September 30, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Real Estate	'
	Real Estate
	We amortize the value of in-place leases acquired to expense over the term of the respective leases.  The value of tenant relationship intangibles is amortized to expense over the initial term and any anticipated renewal periods, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building.  Should a tenant terminate its lease, the unamortized portion of the in-place lease value and tenant relationship intangibles would be charged to expense.  As of September 30, 2014, the estimated remaining useful lives for acquired lease intangibles range from less than 1 year to approximately 8 years.
Condominium Inventory	'
	Condominium Inventory
	Condominium inventory is stated at the lower of cost or fair market value and consists of acquisition costs, construction costs, interest, and real estate taxes, which are capitalized during the period beginning with the commencement of development and ending with the completion of construction.  At September 30, 2014 and December 31, 2013, condominium inventory consisted of $3 million for our one remaining unit at Chase — The Private Residences.
	For condominium inventory, at each reporting date, management compares the estimated fair value less costs to sell to the carrying value.  An adjustment is recorded to the extent that the fair value less costs to sell is less than the carrying value.  We determine the estimated fair value of condominiums based on comparable sales in the normal course of business under existing and anticipated market conditions.  This evaluation takes into consideration estimated future selling prices, costs incurred to date, estimated additional future costs, and management’s plans for the property.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable primarily consist of straight-line rental revenue receivables of $6.1 million and $6.2 million as of September 30, 2014 and December 31, 2013, respectively, and receivables from our hotel operators and tenants related to our other consolidated properties of $2.2 million and $3.4 million as of September 30, 2014 and December 31, 2013, respectively.  The allowance for doubtful accounts was $0.3 million and $2.4 million as of September 30, 2014 and December 31, 2013, respectively.
Reorganization	'
	Reorganization Items, Net
	Reorganization items are expense or income items that were incurred or realized by our special purpose entity Behringer Harvard Frisco Square, LP along with our indirect subsidiaries, BHFS I, LLC, BHFS II, LLC, BHFS III, LLC, BHFS IV, LLC and BHFS Theater, LLC as a result of the 2012 restructuring and are presented separately in the condensed consolidated statements of operations and comprehensive loss.
Investment Impairment	'
	Investment Impairment
	For all of our real estate and real estate related investments, we monitor events and changes in circumstances indicating that the carrying amounts of the real estate assets may not be recoverable. Examples of the types of events and circumstances that would cause management to assess our assets for potential impairment include, but are not limited to: a significant decrease in the market price of an asset; a significant change in the manner in which the asset is being used; an accumulation of costs in excess of the acquisition basis plus construction of the property; major vacancies and the resulting loss of revenues; natural disasters; a change in the projected holding period; legitimate purchase offers and changes in the global and local markets or economic conditions. Our assets may at times be concentrated in limited geographic locations and, to the extent that our portfolio is concentrated in limited geographic locations, downturns specifically related to such regions may result in tenants defaulting on their lease obligations at a portion of our properties within a short time period, which may result in asset impairments. When such events or changes in circumstances are present, we assess potential impairment by comparing estimated future undiscounted operating cash flows expected to be generated over the life of the asset and from its eventual disposition to the carrying amount of the asset. These projected cash flows are prepared internally by the Advisor and reflect in-place and projected leasing activity, market revenue and expense growth rates, market capitalization rates, discount rates, and changes in economic and other relevant conditions. The Chief Executive Officer and Chief Financial Officer of the Company review these projected cash flows to assure that the valuation is prepared using reasonable inputs and assumptions that are consistent with market data or with assumptions that would be used by a third-party market participant and assume the highest and best use of the investment. We consider trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. In the event that the carrying amount exceeds the estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the asset to estimated fair value. While we believe our estimates of future cash flows are reasonable, different assumptions regarding factors such as market rents, economic conditions, and occupancy rates could significantly affect these estimates.
	We also evaluate our investments in notes receivable as of each reporting date. If we believe that it is probable we will not collect all principal and interest in accordance with the terms of the notes, we consider the loan impaired. When evaluating loans for potential impairment, we compare the carrying amount of the loans to the present value of future cash flows discounted at the loan's effective interest rate, or, if a loan is collateral dependent, to the estimated fair value of the related collateral net of any senior loans. For impaired loans, a provision is made for loan losses to adjust the reserve for loan losses. The reserve for loan losses is a valuation allowance that reflects our current estimate of loan losses as of the balance sheet date. The reserve is adjusted through the provision for loan losses account on our condensed consolidated statements of operations and comprehensive loss.
	In evaluating our investments for impairment, management may use appraisals and make estimates and assumptions, including, but not limited to, the projected date of disposition of the properties, the estimated future cash flows of the properties during our ownership, planned development and the projected sales price of each of the properties. A future change in these estimates and assumptions could result in understating or overstating the book value of our investments, which could be material to our financial statements.
	We also evaluate our investments in unconsolidated joint ventures at each reporting date. If we believe there is an other than temporary decline in market value, we will record an impairment charge based on these evaluations. We assess potential impairment by comparing our portion of estimated future undiscounted operating cash flows expected to be generated by the joint venture over the life of the joint venture's assets to the carrying amount of the joint venture. In the event that the carrying amount exceeds our portion of estimated future undiscounted operating cash flows, we recognize an impairment loss to adjust the carrying amount of the joint venture to its estimated fair value.
	The value of our properties held for development depends on market conditions, including estimates of the project start date, as well as estimates of future demand for the property type under development. We have analyzed trends and other information related to each potential development and incorporated this information, as well as our current outlook, into the assumptions we use in our impairment analyses. Due to the judgment and assumptions applied in the estimation process with respect to impairments, including the fact that limited market information regarding the value of comparable land exists at this time, it is possible actual results could differ substantially from those estimated.
	We believe the carrying value of our operating real estate assets, our property under development, investments in unconsolidated joint ventures, and notes receivable is currently recoverable. However, if market conditions worsen beyond our current expectations, or if our assumptions regarding expected future cash flows from the use and eventual disposition of our assets decrease or our expected hold periods decrease, or if changes in our development strategy significantly affect any key assumptions used in our fair value calculations, we may need to take additional charges in future periods for impairments related to existing assets. Any such non-cash charges would have an adverse effect on our consolidated financial position and results of operations.
Use of Estimates in the Preparation of Financial Statements	'
	Use of Estimates in the Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  These estimates include such items as purchase price allocation for real estate acquisitions, impairment of long-lived assets, depreciation and amortization, allowance for doubtful accounts, and allowance for loan losses.  Actual results could differ from those estimates.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-08 (“ASU 2014-08”), Presentation of Financial Statements and Property, Plant, and Equipment (Topics 205 and 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.  The updated guidance revised the definition of a discontinued operation by limiting discontinued operations reporting to disposals of components of an entity that represent a strategic shift, or change in the entity's strategy, that has, or will have, a major effect on an entity’s operations and financial results. This guidance applies to a component of an entity or a group of components of an entity classified as held for sale or disposed of by sale or by means other than a sale, such as an abandonment. Examples of a strategic shift could include a disposal of all assets in a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity. In addition, ASU 2014-08 requires expanded disclosures for discontinued operations so users of the financial statements will be provided with more information about the assets, liabilities, revenues and expenses of discontinued operations. ASU 2014-08 is effective prospectively for all disposals (or classifications as held for sale) of components of an entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. We are currently evaluating the impact this guidance will have on our consolidated financial statements when adopted.
	In May 2014, the FASB issued an update (“ASU 2014-09”) to ASC Topic 606, Revenue from Contracts with Customers.  ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance.  ASU 2014-09 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures.  ASU 2014-09 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2016.  We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.
	In July 2014, the FASB issued an update ("ASU 2014-15"), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. ASU 2014-15 requires management's assessment of a company's ability to continue as a going concern and provide related footnote disclosures when conditions give rise to substantial doubt about a company's ability to continue as a going concern within one year from the financial statement issuance date. ASU 2014-15 applies to all companies and is effective for the annual period ending after December 15, 2016, and all annual and interim periods thereafter. We are currently evaluating the impact of the adoption of ASU 2014-15 on our consolidated financial statements and notes therein.
Subsequent Events	'
	Subsequent Events
	We have evaluated subsequent events for recognition or disclosure in our condensed consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Schedule of anticipated amortization expense associated with the acquired lease intangibles and acquired other intangible assets	'
	Anticipated amortization expense associated with the acquired lease intangibles for each of the following five years as of September 30, 2014 is as follows (in thousands):
	Year	Lease
		Intangibles
	October 1, 2014 - December 31, 2014	$	84
	2015	312
	2016	300
	2017	300
	2018	127
Schedule of accumulated depreciation and amortization related to the consolidated investments in real estate assets and intangibles	'
	Accumulated depreciation and amortization related to our consolidated investments in real estate assets and intangibles were as follows (in thousands):
	30-Sep-14	Buildings and Improvements			Land and Improvements			Lease Intangibles			Acquired Below-Market Leases			Other Intangibles
	Cost	$	213,223		$	68,204		$	11,415		$	(3,578	)	$	9,626
	Less: depreciation and amortization	(54,177		)	(1,633		)	(6,828		)	2,413			(4,676		)
	Net	$	159,046		$	66,571		$	4,587		$	(1,165	)	$	4,950
	December 31, 2013	Buildings and Improvements			Land and Improvements			Lease Intangibles			Acquired Below-Market Leases			Other Intangibles
	Cost	$	210,980		$	72,646		$	11,022		$	(3,578	)	$	9,626
	Less: depreciation and amortization	(47,249		)	(1,402		)	(5,929		)	2,141			(4,230		)
	Net	$	163,731		$	71,244		$	5,093		$	(1,437	)	$	5,396

Assets_and_Liabilities_Measure1

Assets and Liabilities Measured at Fair Value (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]	'
Schedule of assets measured at fair value on a nonrecurring basis	'
	The following fair value hierarchy table presents information about our assets measured at fair value on a nonrecurring basis during the period presented (in thousands):
	As of December 31, 2013		Level 1		Level 2			Level 3		Total Fair Value		Gain /
												(Loss)(1)
	Assets
	Land and improvements, net		$	—	$	1,523		$	—	$	1,523	$	(119	)
	Condominium inventory (finished units)		—		—			3,158		3,158		(264		)
	Other intangibles		—		—			—		—		(244		)
			$	—	$	1,523		$	3,158	$	4,681	$	(627	)
	_________________________________
	-1	Excludes $0.3 million in impairment losses recorded in the first quarter of 2013 and included in discontinued operations for Becket House that was disposed of as of December 31, 2013.
Schedule of Quantitative Information about Level 3 Fair Value Measurements	'
	Quantitative Information about Level 3 Fair Value Measurements
	($ in thousands, except per square feet)
	Description		Fair Value		Valuation		Unobservable Input	Range (Weighted Average)
			at December 31, 2013		Techniques
	Condominium inventory (finished units)(1)		$	3,158	Market comparable		Amount per condo unit due to limited market comparables	$455 to $607 per square feet
	________________________________
	-1	In the fourth quarter of 2013, we recorded an impairment of $0.3 million associated with units sold.

Real_Estate_Investments_Tables

Real Estate Investments (Tables)	9 Months Ended
	Sep. 30, 2014
Real Estate [Abstract]	'
Schedule of information about consolidated properties	'
	The following table presents certain information about our consolidated properties as of September 30, 2014:
	Property Name		Location		Approximate			Description	Ownership			Year
					Rentable				Interest			Acquired
					Square
					Footage
	Chase Park Plaza		St. Louis, Missouri		—			hotel and condominium development property	100%		-1	2006
	Las Colinas Commons		Irving, Texas		239,000			3-building office complex	100%			2006
	Frisco Square		Frisco, Texas		-2			mixed-use development (multifamily, retail, office, restaurant and land)	(2) (3)			2007
	Northpoint Central		Houston, Texas		180,000			9-story office building	100%			2007
	The Lodge & Spa at Cordillera		Edwards, Colorado		—			land, hotel and development property	94%			2007
	Northborough Tower		Houston, Texas		207,000			14-story office building	100%			2008
	Royal Island(4)		Commonwealth of Bahamas		—			land	87%			2012
	_________________________________
	-1	On August 5, 2014, we received the 5% interests of Chase Park Plaza Hotel and Chase — The Private Residences held by Kingsdell, L.P. and now own 100% of the entities.
	-2	Our Frisco Square mixed-use development consists of 101,000 square feet of office space, 71,000 square feet of retail, a 41,500 square foot movie theater, 144 multifamily units, approximately 27 acres of land which we own 100%, and a 90% interest in a 3.4 acre multifamily project in development.
	-3	On August 26, 2014, we contributed 3.4 acres of land held by our Frisco Square mixed-use project to a joint venture. We own a 90% interest in the venture which was formed to construct a 275-unit multifamily project. Construction on the development began on September 2, 2014.
	-4	Our initial investment in Royal Island was made in May 2007. We consolidated Royal Island as of June 6, 2012 when we obtained all of the outstanding shares of Royal Island (Australia) Pty Limited. A third party indirectly owns 12.71% of Royal Island.
	We recorded non-cash impairment charges within discontinued operations of approximately $0.3 million related to a reduction in the fair value of certain of our real estate assets during the nine months ended September 30, 2013.  See Note 4, Assets and Liabilities Measured at Fair Value - Nonrecurring Fair Value Measurements, for additional information.
Schedule of information about unconsolidated investments	'
	Investment in Unconsolidated Joint Venture
	The following table presents certain information about our unconsolidated investment as of September 30, 2014 and December 31, 2013 ($ in thousands):
						Carrying Value of Investment
	Property Name		Ownership			30-Sep-14			December 31, 2013
			Interest
	Central Europe Joint Venture		47.01	%		$	16,330		$	18,495
Schedule of proportionate share of combined assets and liabilities of investment properties	'
	Our investment in the unconsolidated joint venture as of September 30, 2014 and December 31, 2013 consisted of our proportionate share of the combined assets and liabilities of our investment property, shown at 100%, as follows (in thousands):
			30-Sep-14				December 31, 2013
	Real estate assets, net		$	93,228			$	108,795
	Cash and cash equivalents		3,948				3,627
	Other assets		1,817				2,022
	Total assets		$	98,993			$	114,444
	Notes payable		$	69,540			$	80,968
	Other liabilities		2,507				3,139
	Total liabilities		72,047				84,107
	Equity		26,946				30,337
	Total liabilities and equity		$	98,993			$	114,444
Schedule of proportionate share of combined losses of unconsolidated joint ventures	'
	Our equity in earnings and losses from our investment is our proportionate share of the combined earnings and (losses) of our unconsolidated joint venture for the three and nine months ended September 30, 2014 and 2013, shown at 100%, as follows (in thousands):
		Three Months Ended September 30,							Nine Months Ended September 30,
		2014				2013			2014			2013
	Revenue	$	2,650			$	2,668		$	8,245		$	8,484
	Operating expenses:
	Operating expenses	637				708			1,884			2,139
	Property taxes	79				80			246			239
	Total operating expenses	716				788			2,130			2,378
	Operating income	1,934				1,880			6,115			6,106
	Non-operating expenses:
	Depreciation and amortization	1,033				1,162			3,269			3,629
	Impairment charges	—				5,913			—			5,913
	Interest and other, net	938				1,429			3,026			2,306
	Gain on sale	(404		)		—			(404		)	—
	Total non-operating expenses	1,567				8,504			5,891			11,848
	Net income (loss)	$	367			$	(6,624	)	$	224		$	(5,742	)
	Equity in earnings (losses) of unconsolidated joint ventures(1)	$	173			$	(3,113	)	$	105		$	(2,699	)
	________________________________
	-1	Company’s share of net income (loss).

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of notes payable of the properties	'
	The following table sets forth our notes payable on our consolidated properties at September 30, 2014 and December 31, 2013 ($ in thousands):
			Notes Payable as of
	Description		30-Sep-14		December 31, 2013		Interest Rate	Maturity Date
	Northborough Tower		$	19,207	$	19,600	5.67%	1/11/16
	Royal Island(1)		13,872		12,907		15.00%	10/10/16
	Northpoint Central		15,635		15,813		5.15%	5/9/17
	Las Colinas Commons		11,530		11,661		5.15%	5/9/17
	Chase Park Plaza Hotel and Chase — The Private Residences		62,500		46,511		4.95%(2)	8/11/17
	BHFS II, LLC		7,000		7,083		30-day LIBOR + 3%(3)	2/1/18
	BHFS III, LLC		6,284		6,358		30-day LIBOR + 3%(3)	2/1/18
	BHFS IV, LLC		13,053		13,208		30-day LIBOR + 3%(3)	2/1/18
	BHFS Theatre, LLC		4,886		4,944		30-day LIBOR + 3%(3)	2/1/18
			$	153,967	$	138,085
	_________________________________
	-1	In February 2013, the lenders agreed to increase the amount available to draw on the loan to $11.6 million. In June 2013, the lenders further increased the amount available to draw to $12.4 million. Beginning in October 2013 through June 2014, the lenders increased the availability each month by the amount of the monthly operating costs. The lender ceased funding the monthly operating costs in July 2014. As of September 30, 2014, the outstanding balance on the loan was $13.9 million. See New Financing and Modification below.
	-2	On August 11, 2014, we refinanced the Chase Park Plaza Hotel debt with a new lender for $62.5 million in proceeds. The interest rate went from 30-day London Interbank Offer Rate (“LIBOR”) + 6.75%, with LIBOR subject to a floor of 0.75%, to 4.95% on the new debt. See below for additional terms of the new loan.
	-3	30-day LIBOR was 0.15% at September 30, 2014. LIBOR interest rate subject to floor of 0.75%.
Schedule of aggregate contractual obligations for principal	'
	The following table summarizes our aggregate contractual obligations for principal payments as of September 30, 2014 (in thousands):
	Principal Payments Due:	Amount
	October 1, 2014 - December 31, 2014	$	321
	2015	2,168
	2016	35,871
	2017	85,921
	2018	29,455
	Total contractual obligations	153,736
	Unamortized premium	231
	Total	$	153,967

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Summary of notional values of derivative financial instruments	'
	Derivative Instruments and Hedging Activities
	We may be exposed to the risk associated with variability of interest rates that might impact our cash flows and the results of operations.  Our hedging strategy of entering into interest rate caps and swaps, therefore, has been to eliminate or reduce, to the extent possible, the volatility of cash flows.
	In November 2011, we entered into an interest rate cap agreement related to the debt on our Chase Park Plaza Hotel and Chase—The Private Residences. We refinanced this debt on August 11, 2014 and the interest rate cap was cancelled. The new loan bears interest at a fixed rate of 4.95%; therefore we will not enter into an interest rate cap agreement for this loan.
	Derivative instruments classified as assets had a combined fair value of zero at December 31, 2013.  We had no derivative instruments classified as liabilities as of December 31, 2013.  During the nine months ended September 30, 2014 and 2013, we recorded a reclassification of unrealized loss of less than $0.1 million to interest expense to adjust the carrying amount of the interest rate caps qualifying as non-hedges at September 30, 2014 and 2013.
Effect of derivative financial instruments on condensed consolidated statements of operations	'
	The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of operations and comprehensive loss as of September 30, 2014 and 2013 (in thousands):
		Derivatives Not Designated as Hedging Instruments
		Amount of Loss (1)						Amount of Loss (1)
		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
	Interest rate	$	(41	)	$	(22	)	$	(86	)	$	(67	)
	_________________________________
	(1)  Amounts related to interest rate derivative contracts are included in interest expense.

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]	'
Schedule of supplemental cash flow information	'
	Supplemental cash flow information is summarized below:
		Nine months ended September 30,
	Description	2014		2013
	Supplemental disclosure:
	Interest paid, net of amounts capitalized	$	5,277	$	9,852
	Reorganization expenses paid	—		720
	Income taxes paid, net of refunds	150		250
	Non-cash investing and financing activities:
	Property and equipment additions and purchases of real estate in accrued liabilities	971		146
	Capital expenditures for real estate under development in accounts payable and accrued liabilities	1,418		—
	Additions to real estate under development reclassified from land	3,346		—
	Additions to land and land improvements reclassed from real estate under development	170		—
	Additions to furniture, fixtures and equipment reclassed from real estate under development	211		—
	Capitalized deferred financing costs in accrued liabilities	8		—
	Consolidation of hotel operations with no consideration paid:
	Assets consolidated	—		(2,649		)
	Liabilities consolidated	—		2,649

Discontinued_Operations_and_Re1

Discontinued Operations and Real Estate Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Real Estate Held for Sale	'
Schedule of disposition of properties	'
	The following table summarizes the disposition of our properties during 2013 (in millions):
	Property Name	Date of Disposition		Contract Sales Price
	Becket House	April 5, 2013		$	19.8
	Rio Salado(1)	May 28, 2013		9.3
	4950 S. Bowen Road(1)	22-Oct-13		1.6
	_________________________________
	(1)  Rio Salado and 4950 S. Bowen Road represented land-only interests and, therefore, did not qualify as discontinued operations.
Schedule of discontinued operations in the condensed consolidated statements of operations	'
	We classified the results of operations for Becket House into discontinued operations in the accompanying condensed consolidated statements of operations and comprehensive loss for the nine months ended September 30, 2013, as summarized in the following table (in thousands):
		Nine Months Ended September 30, 2013
	Revenues
	Rental revenue	$	429
	Expenses
	Property operating expenses	189
	Bad debt recovery	(111		)
	Interest expense	634
	Real estate taxes	(9		)
	Impairment charge	305
	Property management fees	23
	Asset management fees	16
	Total expenses	1,047
	Realized loss on currency translation(1)	(3,624		)
	Gain on troubled debt restructuring(1)	8,132
	Income from discontinued operations	3,890
	Income attributable to noncontrolling interests	(1,459		)
	Income from discontinued operations attributable to the Company	$	2,431

Business_Details

Business (Details)	9 Months Ended
	Sep. 30, 2014
Wholly owned properties	'
Real Estate Properties [Line Items]	'
Number of properties	4
Wholly owned properties | Equity method investments | Noncontrolling Interest | Maximum	'
Real Estate Properties [Line Items]	'
BHO, Inc., ownership interest in Behringer Harvard OP I (less than, percent)	0.10%
Consolidated properties	'
Real Estate Properties [Line Items]	'
Number of properties	3
Multifamily Property	'
Real Estate Properties [Line Items]	'
Number of properties to which the entity is a mezzanine lender	1
Unconsolidated properties | Equity method investments | Noncontrolling Interest	'
Real Estate Properties [Line Items]	'
Number of properties	21

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Leases	'	'	'	'	'
Hotel operating expenses	$6,941,000	$6,924,000	$19,988,000	$17,103,000	'
Straight-line rental revenue	6,100,000	'	6,100,000	'	6,200,000
Lease/Other Intangibles	'	'	'	'	'
October 1, 2014 - December 31, 2014	84,000	'	84,000	'	'
2015	312,000	'	312,000	'	'
2016	300,000	'	300,000	'	'
2017	300,000	'	300,000	'	'
2018	127,000	'	127,000	'	'
Lease acquired in-place | Minimum	'	'	'	'	'
Leases	'	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'1 year	'	'
Lease acquired in-place | Maximum	'	'	'	'	'
Leases	'	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'8 years	'	'
Chase Private Residences [Member]	'	'	'	'	'
Leases	'	'	'	'	'
Inventory, Finished Homes	$3,000,000	'	$3,000,000	'	$3,000,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Real Estate	'	'
Total real estate	$233,825	$235,880
Lease intangibles, net	4,587	5,093
Other intangibles, net	4,950	5,396
Acquired below-market leases, net	-1,165	-1,437
Lease Intangibles	'	'
Real Estate	'	'
Cost	11,415	11,022
Less: depreciation and amortization	-6,828	-5,929
Lease intangibles, net	4,587	5,093
Acquired Below-Market Leases	'	'
Real Estate	'	'
Cost	-3,578	-3,578
Less: depreciation and amortization	2,413	2,141
Acquired below-market leases, net	-1,165	-1,437
Other Intangibles	'	'
Real Estate	'	'
Cost	9,626	9,626
Less: depreciation and amortization	-4,676	-4,230
Other intangibles, net	4,950	5,396
Buildings and Improvements	'	'
Real Estate	'	'
Cost	213,223	210,980
Less: depreciation and amortization	-54,177	-47,249
Total real estate	159,046	163,731
Land and Improvements	'	'
Real Estate	'	'
Cost	68,204	72,646
Less: depreciation and amortization	-1,633	-1,402
Total real estate	$66,571	$71,244

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 3) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Accounts Receivable	'	'
Straight-line rental revenue	$6.10	$6.20
Accounts receivable from hotel operators and tenants related to consolidated properties	2.2	3.4
Allowance for doubtful accounts receivable	0.3	2.4
Chase - The Private Residences	'	'
Condominium Inventory	'	'
Finished condominium inventory	$3	$3

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 5) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassification	'	'	'	'
Hotel operating expenses	$6,941	$6,924	$19,988	$17,103

Assets_and_Liabilities_Measure2

Assets and Liabilities Measured at Fair Value (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2013	Apr. 05, 2013	Oct. 22, 2013
	Recurring fair value measurements	Nonrecurring fair value measurements	Nonrecurring fair value measurements	Nonrecurring fair value measurements	Nonrecurring fair value measurements
		Chase Park Plaza - The Private Residences [Member]	Becket House	Becket House	4950 S. Bowen Road
			Discontinued Operations	Discontinued Operations	Continuing Operations
Assets and liabilities measured at fair value	'	'	'	'	'
Derivative financial instruments	$0	'	'	'	'
Condominium inventory impairment charges	'	300,000	300,000	300,000	100,000
Impairment of intangible asset	'	$200,000	'	'	'

Assets_and_Liabilities_Measure3

Assets and Liabilities Measured at Fair Value (Details 2) (USD $)

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Apr. 05, 2013

Minimum

Maximum

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Land and Improvements

Land and Improvements

Condominium inventory (finished units)

Condominium inventory (finished units)

Other Intangibles

Discontinued Operations

Discontinued Operations

Level 2

Level 3

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Becket House

Becket House

Level 2

Level 3

Nonrecurring fair value measurements

Nonrecurring fair value measurements

Assets measured at fair value on a nonrecurring basis

'

'

'

'

'

'

'

'

'

'

'

'

Assets, Fair Value Disclosure, Nonrecurring

'

'

'

'

'

$1,523,000

$1,523,000

$3,158,000

$3,158,000

'

'

'

Fair Value Assets, Measured on Nonrecurring Basis, Change in Unrealized Gain (Loss)

'

'

-627,000

'

'

-119,000

'

-264,000

'

-244,000

'

'

Total

'

'

4,681,000

1,523,000

3,158,000

'

'

'

'

'

'

'

Condominium inventory impairment charges

'

'

'

'

'

'

'

'

'

'

$300,000

$300,000

Range (Weighted Average) (in dollars per square foot)

455

607

'

'

'

'

'

'

'

'

'

'

Fair_Value_Measurement_of_Fina1

Fair Value Measurement of Financial Instruments (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'	'
Notes payable	$154,000,000	$138,100,000
Notes payable, net of unamortized premium	153,736,000	137,700,000
Notes payable, fair value	$154,600,000	$135,800,000

Real_Estate_Investments_Detail

Real Estate Investments (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Aug. 07, 2014

Sep. 30, 2014

Aug. 26, 2014

Aug. 07, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Oct. 31, 2014

Sep. 30, 2014

Jun. 13, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jun. 30, 2013

Feb. 28, 2013

Feb. 28, 2011

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Investment in notes receivable

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

Chase Park Plaza

Las Colinas Commons

Northpoint Central

Northborough Tower

The Lodge & Spa at Cordillera

The Lodge & Spa at Cordillera

Frisco Square

Frisco Square

Frisco Square

Frisco Square

Frisco Square

Becket House

Royal Island

Royal Island

Royal Island

Royal Island

Wholly owned properties

Consolidated properties

Unconsolidated properties

property

unit

unit

sqft

sqft

sqft

acre

acre

Office space

Retail space

Movie theater

Leasehold Interest

property

property

Equity method investments

acre

unit

sqft

sqft

sqft

Noncontrolling Interest

property

Real Estate Properties [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

3

21

Approximate rentable square footage

'

'

'

'

'

'

'

'

'

'

239,000

180,000

207,000

'

'

'

'

101,000

71,000

41,500

'

'

'

'

'

'

'

'

Number of units in multifamily project

'

'

'

'

'

'

'

275

275

'

'

'

'

'

'

'

144

'

'

'

'

'

'

'

'

'

'

'

Estimated future construction costs

'

'

'

'

'

'

$42,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Construction loan, face amount

'

'

'

'

'

'

'

26,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

11,600,000

10,400,000

'

'

'

Ownership Interest (as a percent)

'

'

'

'

'

'

'

'

'

100.00%

100.00%

100.00%

100.00%

'

94.00%

'

100.00%

'

'

'

'

87.00%

'

'

'

'

'

'

Ownership interest in the joint venture, non-controlling interest (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12.71%

'

'

'

'

'

'

Discontinued operations, non-cash impairment charges

'

'

'

305,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

300,000

'

'

'

'

'

'

'

Ownership interest, limited partnership investment

'

'

'

'

'

90.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

General construction contract

'

'

'

'

'

33,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of land sold (acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.62

27

'

'

'

'

'

'

'

'

'

'

'

Sale of land

0

0

0

409,000

'

'

'

'

'

'

'

'

'

'

'

1,800,000

'

'

'

'

'

'

'

'

'

'

'

'

Real estate sale proceeds placed in escrow

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

'

'

'

'

'

'

'

'

'

'

'

'

Gain on sale of real estate

$0

$0

$476,000

$95,000

'

'

'

'

'

'

'

'

'

'

'

$500,000

'

'

'

'

'

'

'

'

'

'

'

'

Area of land, contributed (acres)

'

'

'

'

'

'

'

3.4

'

'

'

'

'

'

'

1.66

'

'

'

'

'

'

'

'

'

'

'

'

Area of land, undeveloped (acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

34

'

'

'

'

'

'

'

'

'

'

'

'

Agreement to sell real estate, due diligence period

'

'

'

'

'

'

'

'

'

'

'

'

'

'45 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real_Estate_Investments_Detail1

Real Estate Investments (Details 2)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Jun. 13, 2014

Sep. 30, 2014

Sep. 30, 2014

Aug. 07, 2014

Aug. 08, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Aug. 07, 2014

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Investment in unconsolidated joint ventures

Investment in unconsolidated joint ventures

Investment in unconsolidated joint ventures

Investment in unconsolidated joint ventures

Investment in unconsolidated joint ventures

Frisco Square

Frisco Square

Royal Island

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

Central Europe Joint Venture

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

Parent Company [Member]

USD ($)

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership interest percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

47.01%

47.01%

47.01%

47.01%

'

'

Carrying Value of Investment

$16,330,000

'

$16,330,000

'

$18,495,000

'

'

'

'

'

'

'

'

'

'

'

$16,330,000

'

$16,330,000

'

$18,495,000

'

Ownership Interest (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

87.00%

'

'

'

'

'

'

'

'

Combined assets and liabilities of investment properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate assets, net

233,825,000

'

233,825,000

'

235,880,000

'

93,228,000

'

93,228,000

'

108,795,000

'

'

'

'

'

'

'

'

'

'

'

Cash and cash equivalents

44,456,000

36,400,000

44,456,000

36,400,000

36,796,000

34,825,000

3,948,000

'

3,948,000

'

3,627,000

'

'

'

'

'

'

'

'

'

'

'

Other assets

'

'

'

'

'

'

1,817,000

'

1,817,000

'

2,022,000

'

'

'

'

'

'

'

'

'

'

'

Total assets

328,634,000

'

328,634,000

'

322,120,000

'

98,993,000

'

98,993,000

'

114,444,000

'

'

'

'

'

'

'

'

'

'

'

Notes payable

153,967,000

'

153,967,000

'

138,085,000

'

69,540,000

'

69,540,000

'

80,968,000

'

'

'

'

'

'

'

'

'

'

'

Other liabilities

'

'

'

'

'

'

2,507,000

'

2,507,000

'

3,139,000

'

'

'

'

'

'

'

'

'

'

'

Total liabilities

180,866,000

'

180,866,000

'

162,750,000

'

72,047,000

'

72,047,000

'

84,107,000

'

'

'

'

'

'

'

'

'

'

'

Equity

'

'

'

'

'

'

26,946,000

'

26,946,000

'

30,337,000

'

'

'

'

'

'

'

'

'

'

'

Total liabilities and equity

328,634,000

'

328,634,000

'

322,120,000

'

98,993,000

'

98,993,000

'

114,444,000

'

'

'

'

'

'

'

'

'

'

'

Combined losses of investments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

14,838,000

14,080,000

42,265,000

38,562,000

'

'

2,650,000

2,668,000

8,245,000

8,484,000

'

'

'

'

'

'

'

'

'

'

'

'

Operating expenses:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating expenses

'

'

'

'

'

'

637,000

708,000

1,884,000

2,139,000

'

'

'

'

'

'

'

'

'

'

'

'

Property taxes

'

'

'

'

'

'

79,000

80,000

246,000

239,000

'

'

'

'

'

'

'

'

'

'

'

'

Total operating expenses

'

'

'

'

'

'

716,000

788,000

2,130,000

2,378,000

'

'

'

'

'

'

'

'

'

'

'

'

Operating income

'

'

'

'

'

'

1,934,000

1,880,000

6,115,000

6,106,000

'

'

'

'

'

'

'

'

'

'

'

'

Non-operating expenses:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Depreciation and amortization

-3,092,000

-2,968,000

-9,457,000

-9,619,000

'

'

1,033,000

1,162,000

3,269,000

3,629,000

'

'

'

'

'

'

'

'

'

'

'

'

Impairment charges

'

'

'

'

'

'

0

5,913,000

0

5,913,000

'

'

'

'

'

'

'

'

'

'

'

'

Interest and other, net

'

'

'

'

'

'

938,000

1,429,000

3,026,000

2,306,000

'

'

'

'

'

'

'

'

'

'

'

'

Gain on sale

'

'

'

'

'

'

-404,000

0

-404,000

0

'

'

'

'

'

'

'

'

'

'

'

'

Total non-operating expenses

'

'

'

'

'

'

1,567,000

8,504,000

5,891,000

11,848,000

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)

-3,442,000

-6,796,000

-9,943,000

-16,392,000

'

'

367,000

-6,624,000

224,000

-5,742,000

'

'

'

'

'

'

'

'

'

'

'

'

Equity in earnings (losses) of unconsolidated joint ventures

173,000

-3,113,000

105,000

-2,699,000

'

'

173,000

-3,113,000

105,000

-2,699,000

'

'

'

'

'

'

'

'

'

'

'

'

Sales of real estate

0

0

0

409,000

'

'

'

'

'

'

'

1,800,000

'

'

'

3,600,000

'

'

'

'

'

'

Net proceeds from sale of real estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,300,000

'

'

'

'

'

'

Gain on sale of real estate

0

0

476,000

95,000

'

'

'

'

'

'

'

500,000

'

'

'

'

200,000

100,000

200,000

100,000

'

'

Proceeds from Equity Method Investment, Dividends or Distributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$800,000

'

'

'

'

'

'

$400,000

Notes_Payable_Details

Notes Payable (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

7 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

7 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Feb. 28, 2013

Feb. 28, 2011

Aug. 26, 2014

Sep. 30, 2014

Aug. 26, 2014

Aug. 26, 2014

Aug. 26, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Aug. 11, 2014

Aug. 08, 2014

Sep. 30, 2014

Aug. 10, 2014

Sep. 30, 2014

Aug. 11, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Aug. 10, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Jun. 30, 2013

Feb. 28, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Aug. 26, 2014

Aug. 26, 2014

Minimum

Maximum

BHFS, LLC

Royal Island

Royal Island

Royal Island

Royal Island

Royal Island

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

Notes payable

LIBOR

LIBOR

LIBOR

Construction Loan

Construction Loan

Maximum

BHFS II, LLC

BHFS II, LLC

BHFS III, LLC

BHFS III, LLC

BHFS IV, LLC

BHFS IV, LLC

BHFS Theater, LLC

BHFS Theater, LLC

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Chase Park Plaza - The Private Residences [Member]

Northborough Tower

Northborough Tower

Royal Island

Royal Island

Royal Island

Royal Island

Northpoint Central

Northpoint Central

Las Colinas Commons

Las Colinas Commons

Frisco Square

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

extension

Frisco Debtors Loans

extension

Termination fee

Loss on write-off of unamortized deferred borrowing costs

Loss on write-off of unamortized deferred borrowing costs

Minimum

Maximum

Maximum

Construction Loan

Construction Loan

Notes Payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable

$153,967,000

'

$153,967,000

'

$138,085,000

'

'

$31,200,000

'

'

'

'

'

'

'

'

'

'

'

$7,000,000

$7,083,000

$6,284,000

$6,358,000

$13,053,000

$13,208,000

$4,886,000

$4,944,000

'

'

$62,500,000

'

$62,500,000

$62,500,000

$46,511,000

'

'

'

'

'

'

$19,207,000

$19,600,000

$13,872,000

$12,907,000

'

'

$15,635,000

$15,813,000

$11,530,000

$11,661,000

'

'

'

Variable rate basis, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 days

'30 days

'

Variable rate basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30-day LIBOR

'

'30-day LIBOR

'

'30-day LIBOR

'

'30-day LIBOR

'

'

'

'

'

'30-day LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

3.00%

'

3.00%

'

3.00%

'

'

'

'

'

6.75%

'

'

'

'

'

0.75%

6.75%

'

'

'

'

'

'

'

'

'

'

'

0.75%

'

'

Amount available to draw

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,400,000

11,600,000

'

'

'

'

'

'

'

Note payable, stated interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.95%

'

'

'

4.95%

'

'

'

'

'

'

'

5.67%

'

15.00%

'

'

'

5.15%

'

5.15%

'

'

'

'

Note payable, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of extension options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note payable, extension period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal payments, amortization term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'25 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt prepayment penalty, term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'13 months

'

'30 months

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayment of notes payable

'

'

47,457,000

20,940,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

46.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains (Losses) on Extinguishment of Debt

246,000

0

246,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

0

0

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note payable, use of proceeds, guarantee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.15%

'

'

Notes and loan payable

154,000,000

'

154,000,000

'

138,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable, interest rates (as a percent)

'

'

'

'

'

3.20%

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average interest rate (as a percent)

6.00%

'

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes payable subject to variable rate

31,200,000

'

31,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unconditional guarantee of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

'

'

'

'

'

'

'

'

'

'

0

11,600,000

10,400,000

'

'

26,300,000

'

26,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

62,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Expense, Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

590,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

'

'

'

'

'

'

'

'

13,900,000

12,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Basis spread on variable interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

Equity contributions required prior to drawing loan proceeds

'

'

'

'

'

'

'

'

'

'

'

'

'

15,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Partners' equity contributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate contractual obligations for principal

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

October 1, 2014 - December 31, 2014

321,000

'

321,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2015

2,168,000

'

2,168,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2016

35,871,000

'

35,871,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2017

85,921,000

'

85,921,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2018

29,455,000

'

29,455,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total contractual obligations

153,736,000

'

153,736,000

'

137,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized premium

231,000

'

231,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan balance

$153,967,000

'

$153,967,000

'

$138,085,000

'

'

$31,200,000

'

'

'

'

'

'

'

'

'

'

'

$7,000,000

$7,083,000

$6,284,000

$6,358,000

$13,053,000

$13,208,000

$4,886,000

$4,944,000

'

'

$62,500,000

'

$62,500,000

$62,500,000

$46,511,000

'

'

'

'

'

'

$19,207,000

$19,600,000

$13,872,000

$12,907,000

'

'

$15,635,000

$15,813,000

$11,530,000

$11,661,000

'

'

'

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Details) (USD $)	9 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Aug. 11, 2014	Aug. 08, 2014
			Interest rate cap	Interest rate cap	Interest rate cap	Interest rate cap	Prepaid expenses and other assets	Prepaid expenses and other assets	Chase Park Plaza - The Private Residences [Member]	Chase Park Plaza - The Private Residences [Member]
			Derivatives not designated as hedging Instruments	Derivatives not designated as hedging Instruments	Derivatives not designated as hedging Instruments	Derivatives not designated as hedging Instruments			Notes payable	Notes payable
			Derivates in Cash Flow Hedging Relationships	Derivates in Cash Flow Hedging Relationships	Derivates in Cash Flow Hedging Relationships	Derivates in Cash Flow Hedging Relationships
Derivative instruments and hedging activities	'	'	'	'	'	'	'	'	'	'
Note payable, stated interest rate (as a percent)	'	'	'	'	'	'	'	'	4.95%	4.95%
Derivative assets (less than)	'	'	'	'	'	'	$0	$0	'	'
Reclassification of unrealized loss to interest expense (less than)	100,000	100,000	'	'	'	'	'	'	'	'
Interest Rate, gain (loss) reclassified from AOCI	'	'	($41,000)	($22,000)	($86,000)	($67,000)	'	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)

9 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jun. 13, 2014

Sep. 30, 2014

Aug. 07, 2014

Aug. 26, 2014

Aug. 07, 2014

Sep. 30, 2014

Aug. 05, 2014

Feb. 19, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2014

BHFS I, LLC (Land)

Frisco Square

Frisco Square

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

Chase Park Plaza Hotel LLC

Chase Park Plaza Hotel LLC

Chase Park Plaza Hotel LLC

Bonds

Bonds

Bonds

Bonds

parking_garage

acre

acre

unit

unit

Frisco Square

City of Frisco

parking_space

unit

acre

Commitments and Contingencies

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$12,500,000

Real property assessed value exceeding threshold limit

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real property assessed value threshold

'

'

'

'

'

'

'

'

'

'

'

125,000,000

'

'

'

Percentage of reduction in bond obligation for an amount exceeding threshold limit

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

'

Real property value at which debt obligation is terminated

225,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding debt obligation

'

'

'

'

'

'

'

'

'

'

'

5.2

'

'

'

Assessed value of annual debt service

'

'

'

'

'

'

'

'

'

'

'

'

500,000

400,000

'

Debt service obligation

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expense credit

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum number of garages required to be constructed

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

Number of parking spaces required to be constructed

'

'

720

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of net sales proceeds to be deposited into escrow account

'

'

33.00%

'

'

'

'

'

'

'

'

'

'

'

'

Limit up to which sales proceeds will be transferred to escrow accounts

'

'

7,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Escrow balance

'

'

1,400,000

'

'

'

'

'

'

'

'

'

'

'

'

Vacant land

'

'

28,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Number of additional garages to be constructed

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

Number of additional parking spaces to be constructed

'

'

108

'

'

'

'

'

'

'

'

'

'

'

'

Book value of real estate land

233,825,000

235,880,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of land (in acres)

'

'

'

1.62

27

'

'

'

'

'

'

'

'

'

'

Number of units in multifamily project

'

'

'

'

144

'

275

275

'

'

'

'

'

'

'

Ownership interest, limited partnership investment

'

'

'

'

'

90.00%

'

'

'

'

'

'

'

'

'

General construction contract

'

'

'

'

'

33,200,000

'

'

'

'

'

'

'

'

'

Ownership percentage by parent

'

'

'

'

'

'

'

'

95.00%

100.00%

'

'

'

'

'

Ownership percentage, noncontrolling owners

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

Real estate sale proceeds placed in escrow

'

'

'

$600,000

'

'

'

'

'

'

'

'

'

'

'

Area of land, contributed (acres)

'

'

'

1.66

'

'

3.4

'

'

'

'

'

'

'

'

Area of land, undeveloped (acres)

'

'

'

34

'

'

'

'

'

'

'

'

'

'

'

Percentage of voting interests acquired

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Mar. 29, 2011

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

fiscal_quarter

Amended agreement

Amended agreement

Amended agreement

Amended agreement

Amended agreement

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

Behringer Harvard Opportunity Advisors I

BH Property Management

Advisor and its affiliates

Advisor and its affiliates

First year of any extension

First year of any extension

Year Two

Year Three

Extension of three or more years

The Ablon at Frisco Square [Member]

The Ablon at Frisco Square [Member]

Minimum

Maximum

Related Party Transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fee as a percentage of aggregate asset value of acquired real estate and real estate related assets

'

'

'

'

'

'

'

'

'

'

'

0.58%

0.58%

0.58%

0.58%

'

'

'

'

'

Asset management fees

$564,000

$553,000

$1,692,000

$1,741,000

'

'

'

'

'

'

'

$600,000

$600,000

$1,700,000

$1,800,000

'

'

'

'

'

Acquisition and advisory fees as a percentage of contract purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

Acquisition and advisory fees as a percentage of funds advanced in respect of loan investment

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

Acquisition and Advisory Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

'

'

Advisor's debt financing fee for revised loan as a percentage of loan commitment amount

'

'

'

'

'

0.40%

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

Amount due to advisor for revised loan as percentage of loan commitment amount

'

'

'

'

'

'

'

0.30%

0.30%

1.00%

'

'

'

'

'

'

'

'

'

'

Minimum extension period

'

'

'

'

'

'

'120 days

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of fiscal quarters immediately preceding the date reimbursement is sought

'

'

4

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advisor's operating expenses as a percentage of average invested assets

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

Advisor's operating expenses as percentage of net income other than any additions to non cash reserves and any gain from sale of assets

'

'

'

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

Administrative services cost incurred

1,293,000

1,076,000

4,264,000

4,248,000

'

'

'

'

'

'

'

400,000

200,000

1,200,000

900,000

'

'

'

'

'

Advisor's and property management fee as a percentage of gross revenue

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.50%

'

'

Oversight fee as a percentage of gross revenues of the property managed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

'

Property management fees

498,000

505,000

1,377,000

1,280,000

'

'

'

'

'

'

'

300,000

300,000

700,000

700,000

'

'

'

'

'

Loan obtained from related party

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

'

'

'

'

Loan payable to related party, stated interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

Payables to related parties

836,000

'

836,000

'

771,000

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

800,000

Acquisition Fees Related Party Costs

'

'

'

'

'

'

'

'

'

'

'

100,000

'

100,000

'

'

'

'

'

'

Debt Issuance Cost

$600,000

'

$600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Supplemental disclosure:	'	'
Interest paid, net of amounts capitalized	$5,277	$9,852
Reorganization expenses paid	0	720
Income taxes paid, net of refunds	150	250
Non-cash investing and financing activities:	'	'
Property and equipment additions and purchases of real estate in accrued liabilities	971	146
Capital expenditures for real estate under development in accounts payable and accrued liabilities	1,418	0
Additions to real estate under development reclassified from land	3,346	0
Additions to land and land improvements reclassed from real estate under development	170	0
Additions to furniture, fixtures and equipment reclassed from real estate under development	211	0
Capitalized deferred financing costs in accrued liabilities	8	0
Consolidation of hotel operations with no consideration paid:	'	'
Assets consolidated	0	2,649
Liabilities consolidated	$0	$2,649

Discontinued_Operations_and_Re2

Discontinued Operations and Real Estate Held for Sale (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended		9 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	28-May-13	Apr. 05, 2013	Sep. 30, 2013	Oct. 22, 2013
					Rio Salado	Becket House	Becket House	4950 S. Bowen Road
							Leasehold interest
Real Estate Properties [Line Items]	'	'	'	'	'	'	'	'
Proceeds from sale of discontinued operations	'	'	'	'	$9,300,000	$19,800,000	'	$1,600,000
Revenues	'	'	'	'	'	'	'	'
Rental revenue	'	'	'	429,000	'	'	'	'
Expenses	'	'	'	'	'	'	'	'
Property operating expenses	'	'	'	189,000	'	'	'	'
Bad debt expense	'	'	'	-111,000	'	'	'	'
Interest expense	'	'	'	634,000	'	'	'	'
Real estate taxes	'	'	'	-9,000	'	'	'	'
Impairment charge	'	'	'	305,000	'	'	300,000	'
Property management fees	'	'	'	23,000	'	'	'	'
Asset management fees	'	'	'	16,000	'	'	'	'
Total expenses	'	'	'	1,047,000	'	'	'	'
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)	'	'	0	-3,624,000	'	'	'	'
Disposal Group Including Discontinued Operation Gain (Loss) on Troubled Debt Restructuring	'	'	'	8,132,000	'	'	'	'
Income from discontinued operations	0	0	0	3,890,000	'	'	'	'
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	0	0	0	-1,459,000	'	'	'	'
Discontinued operations	$0	$0	$0	$2,431,000	'	'	'	'