Bluerock Residential Growth REIT (BRG) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	6-May-15
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	Bluerock Residential Growth REIT, Inc.
Entity Central Index Key	1442626
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,499,818
Common Class B-2 [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		353,630
Common Class B-3 [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		353,629

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Net Real Estate Investments
Land	$45,233	$37,909
Buildings and improvements	297,007	240,074
Furniture, fixtures and equipment	8,011	6,481
Total Gross Operating Real Estate Investments	350,251	284,464
Accumulated depreciation	-13,277	-10,992
Total Net Operating Real Estate Investments	336,974	273,472
Operating real estate held for sale, net	14,982	14,939
Total Net Real Estate Investments	351,956	288,411
Cash and cash equivalents	66,488	23,059
Restricted cash	2,915	11,091
Due from affiliates	531	570
Accounts receivable, prepaid and other assets	1,405	753
Investments in unconsolidated real estate joint ventures	22,298	18,331
In-place lease value, net	1,549	745
Deferred financing costs, net	2,554	2,199
Non-real estate assets associated with operating real estate held for sale	879	927
Total Assets	450,575	346,086
LIABILITIES AND EQUITY
Mortgages payable	243,563	201,343
Mortgage payable associated with operating real estate held for sale	11,500	11,500
Accounts payable	505	634
Other accrued liabilities	4,489	3,345
Due to affiliates	2,948	1,946
Distributions payable	1,338	889
Liabilities associated with operating real estate held for sale	398	418
Total Liabilities	264,741	220,075
Stockholders' Equity
Additional paid-in-capital	167,725	113,511
Distributions in excess of cumulative earnings	-21,823	-21,213
Total Stockholders' Equity	146,035	92,385
Noncontrolling Interests
Operating partnership units	2,942	2,949
Partially owned properties	36,857	30,677
Total Noncontrolling Interests	39,799	33,626
Total Equity	185,834	126,011
TOTAL LIABILITIES AND EQUITY	450,575	346,086
Preferred Stock [Member]
Stockholders' Equity
Preferred stock, value	0	0
Common Class A [Member]
Stockholders' Equity
Common Stock, Value, Issued	125	75
Common Class B-1 One [Member]
Stockholders' Equity
Common Stock, Value, Issued	0	4
Common Class B-2 One [Member]
Stockholders' Equity
Common Stock, Value, Issued	4	4
Common Class B-3 One [Member]
Stockholders' Equity
Common Stock, Value, Issued	$4	$4

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	250,000,000	250,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common Class A [Member]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	747,586,185	747,586,185
Common stock, shares issued	12,499,818	7,531,188
Common stock, shares outstanding	12,499,818	7,531,188
Common Class B-1 [Member]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	804,605	804,605
Common stock, shares issued	0	353,630
Common stock, shares outstanding	0	353,630
Common Class B-2 [Member]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	804,605	804,605
Common stock, shares issued	353,630	353,630
Common stock, shares outstanding	353,630	353,630
Common Class B-3 [Member]
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	804,605	804,605
Common stock, shares issued	353,629	353,629
Common stock, shares outstanding	353,629	353,629

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Revenues
Net rental income	$8,644		$3,130
Other property revenues	392		96
Total revenues	9,036		3,226
Expenses
Property operating	3,864		1,581
General and administrative	928		530
Management fees	1,450		116
Acquisition costs	449		14
Depreciation and amortization	2,765		1,108
Total expenses	9,456		3,349
Operating loss	-420		-123
Other income (expense)
Other income	22		0
Equity in income (loss) of unconsolidated real estate joint ventures	730		-6
Gain on sale of unconsolidated real estate joint venture interest	11,307		0
Interest expense, net	-2,292		-1,123
Total other income (expense)	9,767		-1,129
Net income (loss) from continuing operations	9,347		-1,252
Discontinued operations
Loss on operations of rental property	0		-62
Loss on early extinguishment of debt	0		-880
Gain on sale of joint venture interest	0		1,006
Income from discontinued operations	0		64
Net income (loss)	9,347		-1,188
Net income (loss) attributable to noncontrolling interests
Operating partnership units	75		0
Partially-owned properties	5,959		-141
Net income (loss) attributable to noncontrolling interests	6,034		-141
Net income (loss) attributable to common stockholders	$3,313		($1,047)
Income (loss) per common share - Basic
Continuing operations (in dollars per share)	$0.26	[1]	($1.05)	[1]
Discontinued operations (in dollars per share)	$0	[1]	$0.06	[1]
Income (loss) per common share - Basic Total	$0.26	[1]	($0.99)	[1]
Income (loss) per common share - Diluted
Continuing operations (in dollars per share)	$0.26	[1]	($1.05)	[1]
Discontinued operations (in dollars per share)	$0	[1]	$0.06	[1]
Income (loss) per common share - Diluted Total	$0.26	[1]	($0.99)	[1]
Weighted average basic common shares outstanding (in shares)	12,547,895	[1],[2]	1,060,889	[1],[2]
Weighted average diluted common shares outstanding (in shares)	12,547,895	[1]	1,060,889	[1]
[1]	Share and per share amounts have been restated to reflect the effects of two reverse stock splits of the Companybs Class B common stock, which occurred during the first quarter of 2014. See Note 1, "Organization and Nature of Business" and Note 11, "Stockholders' Equity" for further discussion.
[2]	For 2015, amounts relate to shares of the Companybs Class A, B-1, B-2, B-3 common stock and LTIP Units outstanding. For 2014, amounts relate to Class B-1, B-2 and B-3 common shares outstanding.

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Class A [Member]	Common Class B-1 [Member]	Common Class B-2 [Member]	Common Class B-3 [Member]	Additional Paid-in Capital [Member]	Cumulative Distributions [Member]	Net Income (Loss) to Common Stockholders [Member]	Noncontrolling Interests [Member]
In Thousands, except Share data
Balance at Dec. 31, 2014	$126,011	$75	$4	$4	$4	$113,511	($9,930)	($11,283)	$33,626
Balance (in shares) at Dec. 31, 2014		7,531,188	353,630	353,630	353,629
Issuance of Class A common stock, net	53,650	46	0	0	0	53,604	0	0	0
Issuance of Class A common stock, net (in shares)		4,600,000	0	0	0
Conversion of Class B-1 into Class A shares	0	4	-4	0	0	0	0	0	0
Conversion of Class B-1 into Class A shares (in shares)		353,630	-353,630	0	0
Vesting of restricted stock compensation	50	0	0	0	0	50	0	0	0
Issuance of restricted stock	0	0	0	0	0	0	0	0	0
Issuance of restricted stock (in shares)		15,000	0	0	0
Issuance of Long-Term Incentive Plan ("LTIP") units for compensation	146	0	0	0	0	146	0	0	0
Vesting of LTIP unit compensation	414	0	0	0	0	414	0	0	0
Capital contributions from noncontrolling interests	578	0	0	0	0	0	0	0	578
Distributions declared	-4,005	0	0	0	0	0	-3,923	0	-82
Distributions to noncontrolling interests	-357	0	0	0	0	0	0	0	-357
Net income	9,347	0	0	0	0	0	0	3,313	6,034
Balance at Mar. 31, 2015	$185,834	$125	$0	$4	$4	$167,725	($13,853)	($7,970)	$39,799
Balance (in shares) at Mar. 31, 2015		12,499,818	0	353,630	353,629

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net income (loss)	$9,347	($1,188)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,817	1,291
Amortization of mortgages payable fair value adjustments	-65	-120
Equity in (income) loss of unconsolidated joint ventures	-730	6
Gain on sale of real estate assets of unconsolidated joint ventures	-11,307	-1,006
Distributions from unconsolidated real estate joint ventures	1,093	32
Share-based compensation attributable to directors' stock compensation plan	50	14
Share-based compensation to Former Advisor - LTIP Units	414	0
Share-based compensation to Manager - LTIP Units	146	0
Changes in operating assets and liabilities:
Due to affiliates, net	1,120	405
Accounts receivable, prepaids and other assets	-554	-1,614
Accounts payable and other accrued liabilities	996	1,000
Net cash provided by (used in) operating activities	3,327	-1,180
Cash flows from investing activities:
Decrease in restricted cash	8,123	220
Acquisitions of consolidated real estate investments	-66,640	0
Capital expenditures	-446	-3,480
Proceeds from sale of joint venture interests	0	4,986
Proceeds from sale of unconsolidated real estate joint venture interests	15,590	0
Investment in unconsolidated joint venture	-8,679	0
Net cash (used in) provided by investing activities	-52,052	1,726
Cash flows from financing activities:
Distributions to common stockholders	-3,557	-417
Distributions to noncontrolling interests	-357	-3,956
Capital contributions from noncontrolling interests	578	0
Borrowings on mortgages payable	42,641	3,975
Repayments on mortgages payable	-355	0
Payments of deferred financing fees	-446	0
Net proceeds from issuance of common stock	53,650	0
Net cash provided by financing activities	92,154	-398
Net increase in cash and cash equivalents	43,429	148
Cash and cash equivalents at beginning of period	23,059	2,984
Cash and cash equivalents at end of period	66,488	3,132
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	2,320	187
Distributions payable - declared and unpaid	449	0
Accrued offering costs	$0	$1,392

Organization_and_Nature_of_Bus

Organization and Nature of Business	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	Note 1 – Organization and Nature of Business
	Bluerock Residential Growth REIT, Inc. (the “Company”) was incorporated as a Maryland corporation on July 25, 2008. The Company’s objective is to maximize long-term stockholder value by acquiring well-located institutional-quality apartment properties in demographically attractive growth markets across the United States. The Company seeks to maximize returns through investments where it believes it can drive substantial growth in its funds from operations and net asset value through one or more of its Core-Plus, Value-Add, Opportunistic and Invest-to-Own investment strategies.
	The Company has elected to be treated, and currently qualifies, as a real estate investment trust (“REIT”), for federal income tax purposes. As a REIT, the Company generally is not subject to corporate-level income taxes. To maintain its REIT status, the Company is required, among other requirements, to distribute annually at least 90% of its “REIT taxable income,” as defined by the Internal Revenue Code of 1986, as amended (the “Code”), to the Company’s stockholders. If the Company fails to qualify as a REIT in any taxable year, it would be subject to federal income tax on its taxable income at regular corporate tax rates.
	The Company raised capital in a continuous registered offering, carried out in a manner consistent with offerings of non-listed REITs, from its inception until September 9, 2013, when it terminated the continuous registered offering in connection with the Company’s Board of Directors (the “Board’s”) consideration of strategic alternatives to maximize value to its stockholders. The Company subsequently determined to register shares of newly authorized Class A common stock that were to be offered in a firmly underwritten public offering (the “IPO”), by filing a registration statement on Form S-11 (File No. 333-192610) with the SEC, on November 27, 2013. On March 28, 2014, the SEC declared the registration statement effective and the Company announced the pricing of the IPO of 3,448,276 shares of Class A common stock at a public offering price of $14.50 per share for total gross proceeds of $50.0 million. The net proceeds of the IPO, which closed on April 2, 2014, were approximately $44.0 million after deducting underwriting discounts and commissions and offering costs.
	In connection with the IPO, shares of the Company’s Class A common stock were listed on the NYSE MKT for trading under the symbol “BRG.” Pursuant to the second articles of amendment and restatement to its charter filed on March 26, 2014, (the “Second Charter Amendment”), each share of its common stock outstanding immediately prior to the listing, including shares sold in its continuous registered offering, was changed into one-third of a share of each of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock. Following the filing of the Second Charter Amendment, the Company effected a 2.264881-to-1 reverse stock split of its outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock, and on March 31, 2014, the Company effected an additional 1.0045878-to-1 reverse stock split of its outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock.
	As of March 31, 2014, we were externally managed by Bluerock Multifamily Advisor, LLC, an affiliate of Bluerock (the “Former Advisor”), pursuant to an advisory agreement (the “Advisory Agreement”). In connection with the completion of the IPO, we engaged BRG Manager, LLC, also an affiliate of Bluerock (the “Manager”), to provide external management services to us under a new management agreement (the “Management Agreement”), and terminated the Advisory Agreement with the Former Advisor.
	Substantially concurrently with the completion of the IPO, the Company completed a series of related contribution transactions pursuant to which it acquired indirect equity interests in four apartment properties, and a 100% fee simple interest in a fifth apartment property for an aggregate asset value of $152.3 million (inclusive of Villas of Oak Crest, which is accounted for under the equity method, and Springhouse, in which the Company already owned an interest and which has been reported as consolidated for the periods presented.
	The Company subsequently determined to register additional shares of its Class A common stock to be offered in a firmly underwritten public offering, (the “October 2014 Follow-On Offering”), by filing a registration statement on Form S-11 (File No. 333-198770) with the SEC on September 16, 2014. On October 2, 2014, the SEC declared the Registration Statement effective and the Company announced the pricing of the October 2014 Follow-On Offering at a public offering price of $11.90 per share. The Company closed the October 2014 Follow-On Offering of 3,035,444 shares of Class A common stock, inclusive of shares sold pursuant to the full exercise of the overallotment option by the underwriters, on October 8, 2014. Net proceeds of the October 2014 Follow-On Offering were approximately $32.9 million after deducting underwriting discounts and commissions and offering costs.
	On January 20, 2015, the Company completed an underwritten shelf takedown offering (the “January 2015 Follow-On Offering”) of 4,600,000 shares of Class A common stock, par value $0.01 per share, inclusive of shares sold pursuant to the full exercise of the overallotment option by the underwriters. The shares were registered with the SEC, pursuant to a registration statement on Form S-3 (File No. 333-200359) filed with the SEC on November 19, 2014 and declared effective on December 19, 2014. The public offering price of $12.50 per share was announced on January 14, 2015. Net proceeds of the January 2015 Follow-On Offering were approximately $53.7 million after deducting underwriting discounts and commissions and offering costs.
	As of March 31, 2015, the Company's portfolio consisted of interests in thirteen properties (ten operating properties and three development properties), all but four acquired through joint ventures. The Company’s thirteen properties are comprised of an aggregate of 4,131 units, comprised of 3,226 operating units and 905 units under development. As of March 31, 2015, these properties, exclusive of our development properties, were approximately 94% occupied.

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 2 – Basis of Presentation and Summary of Significant Accounting Policies
	Principles of Consolidation and Basis of Presentation
	The Company operates as an umbrella partnership REIT in which Bluerock Residential Holdings, L.P. (its “Operating Partnership”), or its wholly-owned subsidiaries, owns substantially all of the property interests acquired on the Company’s behalf. As of March 31, 2015, limited partners other than the Company owned approximately 4.48% of the Operating Partnership (2.05% is held by holders of limited partnership interest in the Operating Partnership (“OP Units”) and 2.43% is held by holders of the Operating Partnership’s long-term incentive plan units (“LTIP Units”)). Bluerock Real Estate, L.L.C., a Delaware limited liability company, is referred to as Bluerock, (“Bluerock”), and the Company’s external manager, BRG Manager, LLC, a Delaware limited liability company, is referred to as its Manager, (“Manager”), Both Bluerock and the Manager are related parties with respect to the Company, but are not within the Company’s control.
	Because the Company is the sole general partner of its Operating Partnership and has unilateral control over its management and major operating decisions (even if additional limited partners are admitted to the Operating Partnership), the accounts of the Operating Partnership are consolidated in its consolidated financial statements. The Company consolidates entities in which it controls more than 50% of the voting equity and in which control does not rest with other investors. Investments in real estate joint ventures over which the Company has the ability to exercise significant influence, but for which it does not have financial or operating control, are accounted for using the equity method of accounting. These entities are reflected on the Company’s consolidated financial statements as “Investments in unconsolidated real estate joint ventures. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements.  The Company will consider future majority owned and controlled joint ventures for consolidation in accordance with the provisions required by the Consolidation Topic 810 of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).
	Certain amounts in prior year financial statement presentation have been reclassified to conform to the current period presentation.
	Interim Financial Information
	The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting, and the instructions to Form 10-Q and Article 10-1 of Regulation S-X.  Accordingly, the financial statements for interim reporting do not include all of the information and notes or disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included.  Operating results for interim periods should not be considered indicative of the operating results for a full year.
	The balance sheet at December 31, 2014 has been derived from the audited financial statements at that date, but does not include all of the information and disclosures required by GAAP for complete financial statements.  For further information refer to the financial statements and notes thereto included in our audited consolidated financial statements for the year ended December 31, 2014 contained in the Annual Report on Form 10-K as filed with the SEC on March 4, 2015.
	Summary of Significant Accounting Policies
	There have been no significant changes to the Company’s accounting policies since it filed its audited consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2014.
	Use of Estimates
	The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America (“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. Actual results could differ from those estimates.
	New Accounting Pronouncements
	In April 2015, the FASB issued Accounting Standards Update No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). The amendments in ASU 2015-03 require that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts and the accounting for debt issue costs. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU 2015-03. The amendments in ASU 2015-03 become effective for public business entities in the first annual period beginning after December 15, 2015, and interim periods within those fiscal years, with early application permitted. The Company is currently evaluating the impact of this accounting standard.
	In February 2015, the FASB issued Accounting Standards Update No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 eliminates specific consolidation guidance for limited partnerships and revises other aspects of consolidation analysis, including how kick-out rights, fee arrangements and related parties are assessed. ASU 2015-02 is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact of ASU 2015-02 on the Company’s financial statements.
	In January 2015, the FASB issued Accounting Standards Update No. 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items” (“ASU 2015-01”), which eliminates the concept of extraordinary items and require items that are either unusual in nature or infrequently occurring to be reported as a separate component of income from continuing operations or disclosed in the notes to the financial statements. ASU 2015-01 is effective for periods beginning after December 15, 2015, with early adoption permitted. ASU 2015-01 is not expected to have a material impact on the Company's financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (“ASU 2014-15”), which requires an entity's management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. ASU 2014-15 is effective for periods beginning after December 15, 2016. ASU 2014-15 is not expected to have a material impact on the Company's financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance when it becomes effective on January 1, 2017. Early adoption is not permitted. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method and is evaluating the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures.

Real_Estate_Assets_Held_for_Sa

Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests	3 Months Ended
	Mar. 31, 2015
Real Estate Assets Held for Development and Sale [Abstract]
Real Estate Assets Held For Sale And Sale Of Joint Venture Interest Disclosure [Text Block]	Note 3 – Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests
	Real Estate Assets Held for Sale and Discontinued Operations
	The Company had reported its Creekside property as held for sale in the Company’s Annual Report on Form 10-K for the twelve month period ended December 31, 2013. On March 28, 2014, the special purpose entity in which the Company held a 24.7% indirect equity interest sold the Creekside property, as discussed below. On August 28, 2014, the Company’s Investment Committee approved a plan to sell North Park Towers and the Company has classified amounts related to the property as held for sale as of December 31, 2014 and March 31, 2015.
	Property Classified as Discontinued Operations
	The following is a summary of the results of operations of the Creekside property classified as discontinued operations for the three months ended March 31, 2014 (amounts in thousands); there were no operations for the three months ended March 31, 2015 as the property was sold on March 28, 2014:
		For the Three Months Ended March 31,
		2015		2014
	Total revenues	$	-	$	508
	Expenses
	Property operating		-		-229
	Depreciation and amortization		-		-184
	Management fees		-		-8
	Interest, net		-		-149
	Loss on operations of rental property	$	-	$	-62
	Gain on sale of joint venture interest		-		1,006
	Loss on early extinguishment of debt		-		-880
	Income from discontinued operations	$	-	$	64
	Sale of Joint Venture Equity Interests
	On December 10, 2014, the Company through BEMT Augusta, LLC sold its 25.0% interest in the Estates at Perimeter/Augusta, Bluerock Special Opportunity + Income Fund II, LLC (“Fund II”) sold its 25.0% interest, and an unaffiliated third party, (“BRG Co-Owner”), sold its 50.0% interest, to Waypoint Residential Services, LLC, an unaffiliated third party, for an aggregate of $26.0 million, subject to a loan prepayment penalty and certain prorations and adjustments typical in such real estate transactions. After deduction for payment of the existing mortgage indebtedness and loan prepayment penalty, closing costs and fees, the sale of the Company’s interest in the Estates at Perimeter/Augusta generated net proceeds to the Company of approximately $1.7 million and a gain on sale of $0.6 million.
	On December 9, 2014 the Company, through BEMT Berry Hill, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Operating Partnership (“BEMT Berry Hill’), entered into a series of transactions and agreements to restructure the ownership of Berry Hill (the “Restructuring Transactions”).
	Prior to the Restructuring Transactions, the Company held a 25.1% indirect equity interest in Berry Hill, Bluerock Special Opportunity + Income Fund III, LLC (“Fund III”) held a 28.4% indirect equity interest, Bluerock Growth Fund, LLC (“BGF”), a Delaware limited liability company and an affiliate of the Company’s Manager, held a 29.0% indirect equity interest, and Stonehenge 23Hundred JV Member, LLC (“Stonehenge JV Member”), an affiliate of Stonehenge Real Estate Group, LLC (“Stonehenge”), an unaffiliated third party, held the remaining 17.5% indirect equity interest plus a promote interest based on investment return hurdles for its service as developer of the property. These indirect equity interests were all held in BR Stonehenge 23Hundred JV, LLC, a Delaware limited liability company, which owns 100% of 23Hundred, LLC (“23Hundred”), a Delaware limited liability company, which in turn owned 100% of Berry Hill.
	Following the Restructuring Transactions, as of December 31, 2014, Berry Hill was owned in tenancy-in-common interests, adjusted for the agreed Stonehenge promote interest as follows: (i) BEMT Berry Hill and Fund III, through 23Hundred, held a 42.2% undivided tenant-in-common interest (the Company, through BEMT Berry Hill own a 19.8% indirect equity interest and Fund III owns a 22.4% indirect equity interest); (ii) BGF’s subsidiary BGF 23Hundred, LLC, a Delaware limited liability company, holds a 22.9% undivided tenant-in-common interest; and (iii) Stonehenge JV Member’s subsidiary SH 23Hundred TIC, LLC, a Delaware limited liability company, holds a 34.8% undivided tenant-in-common interest.
	As a result of the restructuring, the Company no longer controlled Berry Hill through its voting rights. The Company’s investment in Berry Hill has been deconsolidated and is now accounted for under the equity method of accounting as of December 31, 2014.
	On January 14, 2015, the Company, along with the other two holders of tenant-in-common interests in Berry Hill, sold their respective interests to 2300 Berry Hill General Partnership, an unaffiliated third party. The aggregate purchase price was $61.2 million, subject to certain prorations and adjustments typical in such real estate transactions. After deduction for payment of the existing mortgage indebtedness and payment of closing costs and fees, the sale of the Company’s interest in Berry Hill generated net proceeds of approximately $7.3 million to the Company and a consolidated gain on sale of $11.3 million, of which the Company’s pro rata share of gain is $5.3 million before disposition expenses of $0.1 million, which was included in the Company’s statement of operations for the three months ended March 31, 2015.
	On December 3, 2014, the Company, through BR Waterford Crossing JV, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Operating Partnership (“BRG Grove”) and Bell HNW Waterford, LLC, a Delaware limited liability company and an unaffiliated third party (“BRG Co-Owner”), owned a 252-unit apartment community located in Hendersonville, Tennessee named the Grove at Waterford, as tenants-in-common.  BRG Grove owned a 60.0% tenant-in-common interest in the Grove at Waterford property. On December 18, 2014, BRG Grove sold its 60.0% tenant-in-common interest in the Grove at Waterford property, and BRG Co-Owner its 40.0% tenant-in-common interest, to Bell Hendersonville, an unaffiliated third party, for an aggregate of $37.7 million, subject to a loan prepayment penalty and certain prorations and adjustments typical in such real estate transactions. After deduction for payment of the existing mortgage indebtedness and loan prepayment penalty, closing costs and fees, the sale of the Company’s interest in the Grove at Waterford generated net proceeds to the Company of approximately $9.0 million and a gain on sale of $3.5 million.
	On March 28, 2014, BR Creekside, LLC, a special-purpose entity in which the Company holds a 24.7% indirect equity interest, sold the Creekside property to SIR Creekside, LLC, an unaffiliated third party, for $18.9 million, subject to certain prorations and adjustments typical in such real estate transactions. After deduction for payment of the existing mortgage indebtedness encumbering the Creekside property in the approximate amount of $13.5 million and payment of closing costs and fees, excluding disposition fees of approximately $0.1 million deferred by the Former Advisor, the sale of the Creekside property generated net proceeds to the Company of approximately $1.2 million and a gain on sale of $1.0 million.

Investments_in_Real_Estate

Investments in Real Estate	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	Note 4 – Investments in Real Estate
	As of March 31, 2015, the Company was invested in ten operating real estate properties and three development properties through joint venture partnerships. The following tables provide summary information regarding our operating and development investments, which are either consolidated or presented on the equity method of accounting.
	Operating Properties
		Number of	Date	Ownership		Average		%
	Multifamily Community Name/Location	Units	Built/Renovated  (1)	Interest		Rent  (2)		Occupied  (3)
	MDA Apartment/ Chicago, IL (4)	190	2006	35.31	%	$	2,231	95	%
	Enders Place at Baldwin Park/ Orlando, FL	220	2003	89.5	%		1,521	95	%
	Park & Kingston, Charlotte, NC	153	2014	46.95	%		1,184	91	%
	ARIUM Grande Lakes/ Orlando, FL	306	2005	95	%		1,130	96	%
	Lansbrook Village/ Palm Harbor, FL	595	2004	76.81	%		1,122	93	%
	Village Green of Ann Arbor/ Ann Arbor, MI	520	2013	48.61	%		1,120	93	%
	Fox Hill, Austin , TX	288	2010	85.27	%		1,110	98	%
	North Park Towers/ Southfield, MI (5)	313	2000	100	%		1,044	95	%
	Springhouse at Newport News/ Newport News, VA	432	1985	75	%		830	92	%
	Villas at Oak Crest/ Chattanooga, TN	209	1999	67.18	%		806	98	%
	Total/Average	3,226				$	1,150	94	%
	(1) Represents date of last significant renovation or year built if there were no renovations.
	(2) Represents the average effective monthly rent per occupied unit for all occupied units for the three months ended March 31, 2015. Total concessions for the three months ended March 31, 2015 amounted to approximately $45,000.
	(3) Percent occupied is calculated as (i) the number of units occupied as of March 31, 2015, divided by (ii) total number of units, expressed as a percentage.
	(4) The MDA Apartments include 8,200 square feet of retail space. Average effective rent excluding the property’s retail space was $2,082.
	(5) This property is classified as held for sale as of March 31, 2015 and accounted for on a consolidated basis based on our 100% ownership in the property. Amounts related to this investment are classified as held for sale assets/liabilities on the Company’s consolidated balance sheet.
	Depreciation expense was $2.3 million and $1.2 million for the three months ended March 31, 2015 and 2014, respectively including amounts in discontinued operations.
	Intangibles related to the Company’s consolidated investments in real estate consist of the value of in-place leases. In-place leases are amortized over the remaining term of the in-place leases, which is approximately six months. Amortization expense related to the in-place leases was $0.5 million and $0.1 million for the three months ended March 31, 2015 and 2014, respectively.
	Development Properties
		Number of	Initial	Final Units to		Pro Forma
	Multifamily Community Name/Location	Units	Occupancy	be Delivered		Average Rent  (1)
	UCF Orlando / Orlando, FL	296	2Q 2015	2Q 2016		$	1,211
	Alexan CityCentre / Houston, TX	340	4Q 2016	4Q 2017			2,144
	Alexan Blaire House / Houston, TX	269	1Q 2017	1Q 2018		$	2,019
	Total/Average	905				$	1,803
	(1) Represents the average pro forma effective monthly rent per occupied unit for all expected occupied units upon stabilization.

Acquisition_of_Real_Estate

Acquisition of Real Estate	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 5 – Acquisition of Real Estate
	The following describes the Company’s significant acquisition activity during 2015:
	Acquisition of Interest in Park & Kingston
	On March 16, 2015, the Company, through a wholly-owned subsidiary of its Operating Partnership, completed an investment in a multi-tiered joint venture along with Fund III, an affiliate of Bluerock, to acquire 153 newly-constructed units (the “Phase I Units”) in a Class AA apartment community in Charlotte, North Carolina known as the Park & Kingston Apartments (“Park & Kingston”). The Company’s indirect ownership interest in Park & Kingston is 46.95%.
	The purchase price for the Phase I Units of $27.85 million was funded, in part, with a $15.25 million senior mortgage loan secured by the Park & Kingston property and improvements.
	The Company also has the ability to acquire 15 units under development at Park & Kingston (the “Phase II Units”), for a purchase price of $2.87 million. The seller has commenced, and will manage and complete the development of the Phase II Units. Upon completion of the development of and upon the issuance of a certificate of occupancy for the Phase II Units, closing will occur, financed with supplemental financing of up to 70% of the appraised value of the Phase II Units per the senior mortgage loan discussed above.
	Acquisition of Interest in Fox Hill
	On March 26, 2015, the Company, through subsidiaries of its Operating Partnership, completed an investment in a multi-tiered joint venture along with Fund III, an affiliate of Bluerock, and three unaffiliated investors (collectively, the “Third Parties”), to acquire a 288-unit apartment community located in Austin, Texas (“Fox Hill”). The Company’s indirect ownership in Fox Hill is 85.27%.
	The purchase price of $38.15 million was funded, in part, with a $26.71 million senior mortgage loan secured by the Fox Hill Property and improvements.
	Preliminary Purchase Price Allocation
	The acquisitions of Park & Kingston and Fox Hill have been accounted for as business combinations. The purchase prices were allocated to the acquired assets based on their estimated fair values at the dates of acquisition. The preliminary measurements of fair value reflected below are subject to change. The Company expects to finalize the purchase price allocation as soon as practical, but no later than one year from the acquisition date.
	The following table summarizes the assets acquired at the acquisition date. The amounts listed below reflect provisional amounts that will be updated as information becomes available (amounts in thousands):
		Preliminary Purchase Price Allocation
	Land	$	7,240
	Building		47,641
	Building improvements		6,292
	Land improvements		2,386
	Furniture and fixtures		1,204
	In-place leases		1,237
	Total assets acquired	$	66,000
	The pro-forma information presented below represents the change in consolidated revenue and earnings as if the Company's significant acquisitions of Village Green of Ann Arbor, North Park Towers, Lansbrook Village, ARIUM Grande Lakes, and Fox Hill, (collectively the "Recent Acquisitions"), had occurred on January 1, 2014 (amounts in thousands, except per share amounts).
		Three Months Ended March 31,						Three Months Ended March 31,
		2015						2014
		As Reported		Pro-Forma		Pro-Forma		As Reported		Pro-Forma		Pro-Forma
				Adjustments						Adjustments
	Revenues	$	9,036	$	936	$	9,972	$	3,226	$	6,314	$	9,540
	Net income (loss)	$	9,347	$	433	$	9,780	$	-1,188	$	-1,170	$	-2,358
	Net income (loss) attributable to BRG	$	3,313	$	412	$	3,725	$	-1,047	$	-1,076	$	-2,123
	Earnings (loss) per share, basic and diluted	$	0.26			$	0.3	$	-0.99			$	-2
	(1) Pro-forma earnings per share, both basic and diluted, are calculated based on the net income (loss) attributable to BRG.
	Aggregate property level revenues and net loss for the Recent Acquisitions, since the properties’ respective acquisition dates, that are reflected in the Company’s 2015 consolidated statement of operations amounted to $5.7 million and $.2 million, respectively.

Investments_in_Unconsolidated_

Investments in Unconsolidated Real Estate Joint Ventures	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 6 – Investments in Unconsolidated Real Estate Joint Ventures
	Following is a summary of the Company’s ownership interests in the investments we report under the equity method of accounting. The carrying amount of the Company’s investments in unconsolidated real estate joint ventures as of March 31, 2015 and December 31, 2014 is summarized in the table below (amounts in thousands):
		March 31,			December 31,
	Property	2015			2014
	Villas at Oak Crest	$	3,163		$	3,170
	Alexan CityCentre		6,505			6,505
	UCF Orlando		3,629			3,629
	23Hundred@Berry Hill		202			4,906
	Alexan Blaire House		8,679			-
	Other		120			121
	Total	$	22,298		$	18,331
	The Company’s investments in the Villas at Oak Crest, Alexan CityCentre UCF Orlando, and Alexan Blaire House represent preferred equity investments with the following stated returns:
		Current Pay				Total
		Annualized		Accrued		Annualized
		Preferred		Annualized		Preferred
	Property	Return		Preferred Return		Return
	Villas at Oak Crest	10.5	%	4.5	%	15	%
	Alexan CityCentre	15	%	—		15	%
	UCF Orlando	15	%	—		15	%
	Alexan Blaire House	15	%	—		15	%
	The equity in income (loss) of the Company’s unconsolidated real estate joint ventures for the three months ended March 31, 2015 and 2014 is summarized below (amounts in thousands):
		March 31,			March 31,
	Property	2015			2014
	Villas at Oak Crest	$	105		$	—
	Alexan CityCentre		241			—
	UCF Orlando		134			—
	Alexan Blaire House		261			—
	Other		-11			-6
	Equity in income (loss) of unconsolidated joint venture	$	730		$	-6
	Summary combined financial information for the Company’s investments in unconsolidated real estate joint ventures as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and 2014, is as follows:
		March 31,			December 31,
		2015			2014
	Balance Sheets:
	Real estate, net of depreciation	$	62,585		$	55,091
	Real estate, net of depreciation, held for sale		—			31,334
	Other assets		8,790			1,193
	Other assets, held for sale		486			2,458
	Total assets	$	71,861		$	90,076
	Mortgage payable	$	25,077		$	19,820
	Mortgage payable, held for sale		—			23,569
	Other liabilities		3,315			2,812
	Other liabilities, held for sale		18			1,026
	Total liabilities	$	28,410		$	47,227
	Members’ equity		43,451			42,849
	Total liabilities and members’ equity	$	71,861		$	90,076
		Three Months Ended March 31,
		2015			2014
	Operating Statements:
	Total revenues	$	683		$	599
	Property operating expenses		-280			-229
	Income before debt service, acquisition costs, and depreciation and amortization		403			370
	Interest expense		-181			-186
	Acquisition costs		—			—
	Depreciation and amortization		-212			-200
	Operating income (loss)		10			-16
	Gain on sale of real estate		29,197			—
	Net income (loss)		29,207			-16
	Net (income) loss attributable to JV partners		-28,838			11
	Net income (loss) attributable to common stockholders		369			-5
	Amortization of deferred financing costs paid on behalf of joint venture		-7			—
	Equity in income (loss) of unconsolidated joint venture	$	362		$	-5
	Acquisition of Alexan Blaire House Interests
	On January 12, 2015, through BRG Southside, LLC, a wholly-owned subsidiary of its Operating Partnership, the Company made a convertible preferred equity investment in a multi-tiered joint venture along with Fund II and Fund III, LLC, which are affiliates of the Manager, and an affiliate of Trammell Crow Residential to develop an approximately 269-unit Class A apartment community located in Houston, Texas, to be known as Alexan Blaire House. Alexan Blaire House will be developed upon a tract of land ground leased from Prokop Industries BH, L.P., a Texas limited partnership, by BR Bellaire BLVD, LLC, as tenant under an 85-year ground lease. We have made a capital commitment of $17.4 million to acquire 100% of the preferred equity interests in BRG Southside, LLC of which $8.7 million has been funded as of March 31, 2015.

Mortgages_Payable

Mortgages Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Mortgage Notes Payable Disclosure [Text Block]	Note 7 – Mortgages Payable
	The following table summarizes certain information as of March 31, 2015 and December 31, 2014, with respect to the Company’s indebtedness (amounts in thousands).
		Outstanding Principal				As of March 31, 2015
	Property	31-Mar-15		31-Dec-14		Interest Rate			Fixed/ Floating	Maturity Date
	Springhouse at Newport News	$	22,428	$	22,515		5.66	%	Fixed	1-Jan-20
	Enders Place at Baldwin Park(1)		25,398		25,475		4.3	%	Fixed	1-Nov-22
	MDA Apartments		37,600		37,600		5.35	%	Fixed	1-Jan-23
	Village Green of Ann Arbor		42,887		43,078		3.92	%	Fixed	1-Oct-22
	Lansbrook Village		43,043		42,357		4.42	%	Blended (2)	31-Mar-18
	ARIUM Grande Lakes		29,444		29,444		1.84	%	Floating (3)	1-Dec-24
	Fox Hills		26,705		—		3.57	%	Fixed	1-Apr-22
	Park & Kingston		15,250		—		3.21	%	Fixed	1-Apr-20
	Total		242,755		200,469
	Fair value adjustments		808		874
	Total continuing operations		243,563		201,343
	North Park Towers - held for sale		11,500		11,500		5.65	%	Fixed	6-Jan-24
	Total	$	255,063	$	212,843
	(1) The principal includes a $17.4 million loan at a 3.97% interest rate and an $8.0 million supplemental loan at a 5.01% interest rate.
	(2) The principal balance includes the initial advance of $42.0 million at a fixed rate of 4.45% and an additional advance of $1.0 million that bears interest at a floating rate of one month LIBOR plus 3.00%, as of March 31, 2015, the additional advance had an interest rate of 3.31%.
	(3) ARIUM Grande Lakes Senior Loan bears interest at a floating rate of 1.67% plus one month LIBOR.  At March 31, 2015, the interest rate was 1.84%.
	Lansbrook Mortgage Payable
	On March 21, 2014, the Company, through an indirect subsidiary (the “Lansbrook Borrower”), entered into a $48 million loan with General Electric Capital Corporation, which is secured by the Lansbrook property. The $48.0 million is comprised of a $42.0 million initial advance and an additional $6.0 million of additional borrowing for the acquisition and improvement of additional units. At March 31, 2015, the Lansbrook Borrower has borrowed $0.7 million of the $6.0 million of additional borrowable funds. The loan matures on March 31, 2018 and bears interest at a fixed rate 4.44% per annum, with interest-only payments due until May 1, 2016 and principal payments beginning thereafter based upon a 30-year amortization schedule. Yield maintenance payments will be required to the extent the loan is prepaid before the third month prior to the maturity date and thereafter the loan may be prepaid without penalty. At the time of repayment, whether prepaid or paid at maturity, a $240,000 exit fee is due to the lender. The loan is nonrecourse to the Lansbrook Borrower, with recourse carve-outs for certain deeds, acts or failures to act on the part of the Lansbrook Borrower or any of its officers, members, managers or employees.
	Park & Kingston Mortgage Payable
	On March 16, 2015, the Company, through an indirect subsidiary (the “Park & Kingston Borrower”), entered into a $15.25 million loan with the Federal National Mortgage Association (“Fannie Mae”), which is secured by Park & Kingston. The loan matures on April 1, 2020 and bears interest at a fixed rate of 3.21%, with interest-only payments due for the entire loan term. Yield maintenance payments will be required to the extent prepaid before the sixth month prior to the maturity date; during the period from the sixth month prior to the maturity date to the third month prior to the maturity date, a prepayment premium of 1% of the principal being prepaid will be required, and thereafter the loan may be prepaid without penalty. The loan is nonrecourse to the Park & Kingston Borrower with recourse carve-outs for certain deeds, acts or failures to act on the part of the Park & Kingston Borrower, or any of its officers, members, managers or employees.
	Fox Hill Mortgage Payable
	On March 26, 2015, the Company, through an indirect subsidiary (the “Fox Hill Borrower”), entered into a $26.7 million loan with Walker & Dunlop, LLC, which is secured by Fox Hill. The loan was subsequently assigned to Fannie Mae. The loan matures on April 1, 2022 and bears interest at a fixed rate of 3.57%, with interest-only payments due until May 1, 2019 and fixed monthly payments based on 30-year amortization thereafter. During the first 60 months of the term, the loan may be prepaid at any time with at least 30 business days prior notice and the payment of a prepayment premium equal to the greater of (i) 1% of the principal balance and (ii) a yield maintenance amount calculated as set forth in the loan agreement. After the first 60 months of the term through the fourth month prior to the end of the term, the loan may be prepaid at any time with at least 30 business days prior notice and the payment of a prepayment premium equal to 1% of the principal balance, and thereafter, the loan may be prepaid at any time at par. The loan is nonrecourse to the Company and the Fox Hill Borrower with recourse carve-outs for certain deeds, acts or failures to act on the part of the Company and the Fox Hill Borrower, or any of its officers, members, managers or employees.
	As of March 31, 2015, contractual principal payments for the five subsequent years and thereafter are as follows (amounts in thousands):
	Year	Total
	2015 (April 1-December 31)	$	1,056
	2016		2,717
	2017		3,040
	2018		44,297
	2019		2,938
	Thereafter		200,207
		$	254,255
	Add: Unamortized fair value debt adjustment		808
	Total	$	255,063
	The net book value of real estate assets providing collateral for these above borrowings were $352.0 million and $288.4 million at March 31, 2015 and December 31, 2014, respectively.

Line_of_Credit

Line of Credit	3 Months Ended
	Mar. 31, 2015
Line Of Credit Facility [Abstract]
Line Of Credit Facility [Text Block]	Note 8 – Line of Credit
	As of January 1, 2014, the outstanding balance on the Company's working capital line of credit provided by Fund II and Fund III, both of which are affiliates of Bluerock, was $7.6 million.  On April 2, 2014, the line of credit was paid in full with proceeds from the IPO and extinguished.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 9 – Fair Value of Financial Instruments
	As of March 31, 2015 and December 31, 2014, the Company believes the carrying value of cash and cash equivalents, accounts receivable, due to and from affiliates, accounts payable, accrued liabilities, and distributions payable approximate their fair value based on their highly-liquid nature and/or short-term maturities.  As of March 31, 2015, the carrying value and approximate fair value of mortgages payable, as presented on the consolidated balance sheet, were $254.3 million and $260.6 million, respectively, inclusive of the North Park Towers mortgage payable, which is classified as held for sale.  The fair value of mortgages payable is estimated based on the Company’s current interest rates (Level 3 inputs, as defined in ASC Topic 820, “Fair Value Measurement”) for similar types of borrowing arrangements.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 10 – Related Party Transactions
	In connection with the Company’s investments in the Enders Place at Baldwin Park, Berry Hill and MDA Apartments, it entered into a line of credit agreement with Fund II and Fund III. As of January 1, 2014, the outstanding balance on the Company's working capital line of credit provided by Fund II and Fund III, both of which are affiliates of Bluerock, was $7.6 million.  On April 2, 2014, the line of credit was paid in full with proceeds of the IPO and extinguished.
	In connection with the Company’s acquisition of an interest in the Villas at Oak Crest, the Company assumed a receivable of $0.3 million from Fund II related to accrued interest on Fund II’s investment in the Villas at Oak Crest prior to the contribution of their interest to the Company, and as of March 31, 2015 and December 31, 2014, the Company has a corresponding payable to Fund II for this amount.
	As of March 31, 2014, we were externally managed by our Former Advisor pursuant to the Advisory Agreement. In connection with the completion of the IPO, we terminated our Advisory Agreement with our Former Advisor, and we entered into a new management agreement, or Management Agreement, with the Manager, on April 2, 2014. The terms and conditions of the Management Agreement, which became effective as of April 2, 2014, and the Advisory Agreement, which was effective for the reported periods prior to April 2, 2014, are described below.
	Management Agreement
	The Management Agreement requires the Manager to manage the Company’s business affairs in conformity with the investment guidelines and other policies that are approved and monitored by the Company’s board of directors. The Manager acts under the supervision and direction of the Board. Specifically, the Manager is responsible for (1) the selection, purchase and sale of the Company’s investment portfolio, (2) the Company’s financing activities, and (3) providing the Company with advisory and management services. The Manager provides the Company with a management team, including a chief executive officer, president, chief accounting officer and chief operating officer, along with appropriate support personnel. None of the officers or employees of the Manager are dedicated exclusively to the Company.
	We pay the Manager a base management fee in an amount equal to the sum of: (A) 0.25% of the Company’s stockholders’ existing and contributed equity prior to the IPO and in connection with our contribution transactions, per annum, calculated quarterly based on the Company’s stockholders’ existing and contributed equity for the most recently completed calendar quarter and payable in quarterly installments in arrears, and (B) 1.5% of the equity per annum of the Company’s stockholders who purchase shares of the Company’s Class A common stock, calculated quarterly based on their equity for the most recently completed calendar quarter and payable in quarterly installments in arrears. The base management fee is payable independent of the performance of the Company’s investments. The base management fee expense for the Manager was $0.5 million for the three months ended March 31, 2015.
	The Company also pays the Manager an incentive fee with respect to each calendar quarter in arrears. The incentive fee is equal to the difference between (1) the product of (x) 20% and (y) the difference between (i) the Company’s adjusted funds from operations (“AFFO”), for the previous 12-month period, and (ii) the product of (A) the weighted average of the issue price of equity securities issued in the IPO and in future offerings and transactions, multiplied by the weighted average number of all shares of the Company’s Class A common stock outstanding on a fully-diluted basis (including any restricted stock units, any restricted shares of Class A common stock, LTIP Units, and other shares of common stock underlying awards granted under the Incentive Plans and OP Units) in the previous 12-month period, exclusive of equity securities issued prior to the IPO or in the contribution transactions, and (B) 8%, and (2) the sum of any incentive fee paid to the Manager with respect to the first three calendar quarters of such previous 12-month period; provided, however, that no incentive fee is payable with respect to any calendar quarter unless AFFO is greater than zero for the four most recently completed calendar quarters, or the number of completed calendar quarters since the closing date of the IPO, whichever is less. For purposes of calculating the incentive fee during the first 12 months after completion of the IPO, AFFO will be determined by annualizing the applicable period following completion of the IPO. One half of each quarterly installment of the incentive fee will be payable in LTIP Units, calculated pursuant to the formula above. The remainder of the incentive fee will be payable in cash or in LTIP Units, at the election of the Board, in each case calculated pursuant to the formula above. Incentive fees of $0.15 million were expensed during the three months ended December 31, 2014, which caused the issuance of 10,896 LTIP Units on February 18, 2015. Incentive fees to the Manager of $0.9 million were expensed during the three months ended March 31, 2015, which will result in the issuance of approximately 69,900 LTIP Units during the second quarter of 2015, assuming a LTIP Unit price of $13.33 per unit, once approved by the independent directors.
	Management fee expense of $0.4 million and $1.0 million was recorded as part of general and administrative expenses for the three months ended March 31, 2015 and for the year ended December 31, 2014, respectively, related to the 179,562 LTIP Units granted in connection with the IPO. The expense recognized during 2014 was based on $12.43 per LTIP unit, which represents the closing share price for the Company’s Class A common stock on December 31, 2014. These LTIP units vest over a three year period beginning in April 2015.
	The Company is also required to reimburse the Manager for certain expenses and pay all operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The Manager waived all reimbursements for the three months ended March 31, 2015.
	The initial term of the Management Agreement expires on April 2, 2017 (the third anniversary of the closing of the IPO), and will be automatically renewed for a one-year term on each anniversary date thereafter unless previously terminated in accordance with the terms of the Management Agreement. Following the initial term of the Management Agreement, the Management Agreement may be terminated annually upon the affirmative vote of at least two-thirds of the Company’s independent directors, based upon (1) unsatisfactory performance that is materially detrimental to the Company, or (2) the Company’s determination that the fees payable to the Manager are not fair, subject to the Manager’s right to prevent such termination due to unfair fees by accepting a reduction of the fees agreed to by at least two-thirds of the Company’s independent directors. The Company must provide 180 days’ prior notice of any such termination. Unless terminated for cause, as further described in the Management Agreement, the Manager will be paid a termination fee equal to three times the sum of the base management fee and incentive fee earned, in each case, by the Manager during the 12-month period immediately preceding such termination, calculated as of the end of the most recently completed fiscal quarter before the date of termination. The Company may also terminate the Management Agreement at any time, including during the initial term, without the payment of any termination fee, for cause with 30 days’ prior written notice from the Board.
	During the initial three-year term of the Management Agreement, the Company may not terminate the Management Agreement except as described above or in the following circumstance: At the earlier of (i) April 2, 2017 (three years following the completion of the IPO), and (ii) the date on which the value of the Company’s stockholders’ equity exceeds $250.0 million, the Board may, but is not obligated to, internalize the Company’s management. The Manager may terminate the Management Agreement if it becomes required to register as an investment company under the Investment Company Act, with such termination deemed to occur immediately before such event, in which case the Company would not be required to pay a termination fee. In addition, if the Company defaults in the performance of any material term of the Management Agreement and the default continues for a period of 30 days after written notice to the Company, the Manager may terminate the Management Agreement upon 60 days’ written notice. If the Management Agreement is terminated by the Manager upon a breach by the Company, the Company is required to pay the Manager the termination fee described above.
	The Manager may retain, at its sole cost and expense, the services of such persons and firms as the Manager deems necessary in connection with our management and operations (including accountants, legal counsel and other professional service providers), provided that such expenses are in amounts no greater than those that would be payable to third-party professionals or consultants engaged to perform such services pursuant to agreements negotiated on an arm’s-length basis. The Manager has in the past retained, and going forward may retain Konig & Associates, P.C., a professional corporation wholly-owned by Michael L. Konig, the Company’s Chief Operating Officer, Secretary and General Counsel, to provide transaction based legal services, if the Manager determines that such retention would be less expensive than retaining third party professionals. The Company incurred $0.2 million in fees and expenses during the year ended December 31, 2014 for the firm’s transaction-related work on the contribution transactions, the IPO and the October 2014 Follow-On Offering. There was approximately $25,000 of fees and expenses payable by the Company to Konig & Associates, P.C. in conjunction with the October 2014 Follow-On Offering, as of December 31, 2014 and March 31, 2015.
	Prior and Terminated Advisory Agreement
	Prior to the entry by the Company into the Management Agreement upon the completion of the IPO and the concurrent termination of the Advisory Agreement, the Former Advisor performed essentially the same duties and responsibilities as the Company’s new Manager. The Advisory Agreement had a one-year term expiring October 14, 2014, and was renewable for an unlimited number of successive one-year periods upon the mutual consent of the Company and its Advisor.
	The Former Advisor was entitled to receive a monthly asset management fee for the services it provided pursuant to the Advisory Agreement. For 2013 and subsequent, the monthly asset management fee was one-twelfth of 0.65% of the higher of the cost or the value of each asset, where (A) cost equals the amount actually paid, excluding acquisition fees and expenses, to purchase each asset it acquires, including any debt attributable to the asset (including any debt encumbering the asset after acquisition), provided that, with respect to any properties the Company develops, constructs or improves, cost will include the amount expended by the Company for the development, construction or improvement, and (B) the value of an asset is the value established by the most recent independent valuation report, if available, without reduction for depreciation, bad debts or other non-cash reserves.  The asset management fee was based only on the portion of the cost or value attributable to our investment in an asset if the Company did not own all of an asset.
	Pursuant to the Advisory Agreement, the Former Advisor was entitled to receive an acquisition fee for its services in connection with the investigation, selection, sourcing, due diligence and acquisition of a property or investment.  For 2013 and subsequent, the acquisition fee was 2.50% of the purchase price. The purchase price of a property or investment was equal to the amount paid or allocated to the purchase, development, construction or improvement of a property, inclusive of expenses related thereto, and the amount of debt associated with such real property or investment. The purchase price allocable for joint venture investments was equal to the product of (1) the purchase price of the underlying property and (2) the Company’s ownership percentage in the joint venture.
	The Former Advisor was also entitled to receive a financing fee for any loan or line of credit, made available to the Company. The Former Advisor was entitled to re-allow some, or all, of this fee to reimburse third parties with whom it subcontracted to procure such financing for the Company. On October 21, 2013, the Company amended its Advisory Agreement to decrease the financing fee from 1.0% to 0.25% of any loan made to the Company. In addition, to the extent the Former Advisor provided a substantial amount of services in connection with the disposition of one or more of our properties or investments (except for securities traded on a national securities exchange), the Former Advisor would receive fees equal to the lesser of (A)  1.5% of the sales price of each property or other investment sold or (B) 50% of the selling commission that would have been paid to a third-party broker in connection with such a disposition. In no event were disposition fees paid to the Former Advisor or its affiliates and unaffiliated third parties to exceed, in the aggregate, 6% of the contract sales price. On October 21, 2013, the Company amended its Advisory Agreement to change the disposition fee to only 1.5% of the sales price of each property or other investment sold, such that the disposition fee was no longer determined based on selling commissions payable to third-party sales brokers.
	In addition to the fees payable to the Former Advisor, the Company reimbursed the Former Advisor for all reasonable expenses incurred in connection with services provided to the Company, subject to the limitation that it would not reimburse any amount that would cause the Company’s total operating expenses at the end of the four preceding fiscal quarters to exceed the greater of 2% of our average invested assets or 25% of its net income determined (1) without reductions for any additions to reserves for depreciation, bad debts or other similar non-cash reserves and (2) excluding any gain from the sale of our assets for the period.  Notwithstanding the above, the Company was permitted to reimburse amounts in excess of the limitation if a majority of its independent directors determined such excess amount was justified based on unusual and non-recurring factors. If such excess expenses were not approved by a majority of the Company’s independent directors, the Former Advisor was required to reimburse us at the end of the four fiscal quarters the amount by which the aggregate expenses during the period paid or incurred by us exceeded the limitations provided above.  The Company was not permitted to reimburse the Former Advisor for personnel costs in connection with services for which the Former Advisor received acquisition, asset management or disposition fees.  Due to the limitation discussed above and because operating expenses incurred directly by the Company exceeded the 2% threshold, the Board, including all of its independent directors, reviewed the total operating expenses for the four fiscal quarters ended December 31, 2013 and the Company’s total operating expenses for the four fiscal quarters ended March 31, 2014 and unanimously determined the excess amounts to be justified because of the costs of operating a public company in its early stage of operation and the Company’s initial difficulties with raising capital were considered to be non-recurring in nature.  As the Board has previously approved such expenses, all operating expenses for the year ended 2013 and the three months ended March 31, 2014 have been expensed as incurred.
	The Company had issued 1,000 shares of convertible stock, par value $0.01 per share, to the Former Advisor, pursuant to the Advisory Agreement, that upon completion of the IPO were convertible to shares of common stock if and when: (A) the Company had made total distributions on the then outstanding shares of its common stock equal to the original issue price of those shares plus an 8% cumulative, non-compounded, annual return on the original issue price of those shares or (B) subject to specified conditions, the Company listed its common stock for trading on a national securities exchange. We listed shares of our Class A common stock on the NYSE MKT on March 28, 2014. At that time, the terms for converting the convertible stock would not be achieved and so we amended our charter on March 26, 2014 to remove the convertible stock as an authorized class of our capital stock.
	In general, under the Advisory Agreement, the Company contracted property management services for certain properties directly to non-affiliated third parties, in which event it was to pay the Former Advisor an oversight fee equal to 1% of monthly gross revenues of such properties.
	All of the Company’s executive officers, and some of its directors, are also executive officers, managers and/or holders of a direct or indirect controlling interest in the Manager and other Bluerock-affiliated entities.  As a result, they owe fiduciary duties to each of these entities, their members, limited partners and investors, which fiduciary duties may from time to time conflict with the fiduciary duties that they owe to the Company and its stockholders.
	Some of the material conflicts that the Manager or its affiliates face are: 1) the determination of whether an investment opportunity should be recommended to us or another Bluerock-sponsored program or Bluerock-advised investor; 2) the allocation of the time of key executive officers, directors, and other real estate professionals among the Company, other Bluerock-sponsored programs and Bluerock-advised investors, and the activities in which they are involved; and 3) the fees received by the Manager and its affiliates.
	Bluerock Property Management, LLC
	The Company incurred $0.05 million in property management fees to Bluerock Property Management, LLC, an affiliate of Bluerock, on behalf of the North Park Towers property during the three months ended March 31, 2015.
	Pursuant to the terms of the Advisory Agreement and the Management Agreement, summarized below are the related party amounts payable to our Former Advisor and the Manager, as of March 31, 2015 and December 31, 2014 (in thousands).
		March 31,		December 31,
		2015		2014
	Amounts Payable to the Former Advisor under our Prior and Terminated Advisory Agreement
	Asset management and oversight fees	$	404	$	404
	Acquisition fees and disposition fees		740		740
	Financing fees		36		36
	Total payable to the Former Advisor		1,180		1,180
	Amounts Payable to the Manager under the New Management Agreement
	Base management fee		519		310
	Incentive fee		931		146
	Other		4		7
	Total payable to the Manager		1,454		463
	Total amounts payable to Former Advisor and Manager	$	2,634	$	1,643
	As of March 31, 2015 and December 31, 2014, we had $0.3 million in payables due to related parties other than our Manager and Former Advisor.
	As of March 31, 2015 and December 31, 2014, we had $0.5 million and $0.6 million, respectively, in receivables due to us from related parties other than our Manager and Former Advisor.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 11 – Stockholders’ Equity
	Net Income (Loss) Per Common Share
	Basic net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders, less dividends on restricted stock expected to vest plus gains on redemptions on common stock, by the weighted average number of common shares outstanding for the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the sum of the weighted average number of common shares outstanding and any potential dilutive shares for the period.  Net income (loss) attributable to common stockholders is computed by adjusting net income (loss) for the non-forfeitable dividends paid on non-vested restricted stock.
	The Company considers the requirements of the two-class method when preparing earnings per share. Earnings per share is not affected by the two-class method because the Company’s Class A, B-1, B-2 and B-3 common stock and LTIP Units participate in dividends on a one-for-one basis.
	The following table reconciles the components of basic and diluted net loss per common share (amounts in thousands, except share and per share amounts):
			For the Three Months Ended March 31,
			2015		2014
	Net income (loss) from continuing operations attributable to common stockholders		$	3,313	$	-1,111
	Dividends on restricted stock expected to vest			-2		-2
	Basic net income (loss) from continuing operations attributable to common stockholders		$	3,311	$	-1,113
	Basic net income from discontinued operations attributable to common stockholders		$	—	$	64
	Weighted average common shares outstanding (2)			12,547,895		1,060,889
	Potential dilutive shares (1)			-		-
	Weighted average common shares outstanding and potential dilutive shares (2)			12,547,895		1,060,889
	Income (loss) per common share, basic
	Continuing operations		$	0.26	$	-1.05
	Discontinued operations		$	0	$	0.06
			$	0.26	$	-0.99
	Income (loss) per common share, diluted
	Continuing operations		$	0.26	$	-1.05
	Discontinued operations		$	0	$	0.06
			$	0.26	$	-0.99
	The number of shares and per share amounts for the prior period have been retroactively restated to reflect the two reverse stock splits of the Class B common stock discussed below.
	The effect of the conversion of OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Class A Common Stock on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share.
		-1	Excludes 3,956 and 6,468 shares of Class B common stock, for the three months ended March 31, 2015 and 2014, related to non-vested restricted stock, as the effect would be anti-dilutive.  Also excludes 282,759 OP Units for the three months ended March 31, 2015 as the effect would be anti-dilutive.
		-2	For 2015, amounts relate to shares of the Company’s Class A, B-1, B-2, B-3 common stock and LTIP Units outstanding. For 2014, amounts relate to Class B-1, B-2 and B-3 common shares outstanding.
	Class B Common Stock
	The Company raised capital in a continuous registered offering, carried out in a manner consistent with offerings of non-listed REITs, from its inception until September 9, 2013, when it terminated the continuous registered offering in connection with the Board’s consideration of strategic alternatives to maximize value to the Company’s stockholders. Through September 9, 2013, the Company had raised an aggregate of $22.6 million in gross proceeds through its continuous registered offering, including its distribution reinvestment plan.
	On January 23, 2014, the Company's stockholders approved the second articles of amendment and restatement to our charter (the “Second Charter Amendment”), that provided, among other things, for the designation of a new share class of Class A common stock, and for the change of each existing outstanding share of our common stock into:
		•	1/3 of a share of our Class B-1 common stock; plus
		•	1/3 of a share of our Class B-2 common stock; plus
		•	1/3 of a share of our Class B-3 common stock.
	This transaction was effective upon filing the Second Charter Amendment with the State Department of Assessments and Taxation of the State of Maryland on March 26, 2014. Immediately following the filing of the Second Charter Amendment, we effectuated a 2.264881 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock, and on March 31, 2014, we effected an additional 1.0045878 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock.
	We refer to Class B-1 common stock, Class B-2 common stock and Class B-3 common stock collectively as “Class B” common stock. We listed our Class A common stock on the NYSE MKT on March 28, 2014. Our Class B common stock is identical to our Class A common stock, except that (i) we do not intend to list our Class B common stock on a national securities exchange, and (ii) shares of our Class B common stock convert automatically into shares of Class A common stock at specified times, as follows:
		•	March 23, 2015, in the case of our Class B-1 common stock;
		•	September 19, 2015, in the case of our Class B-2 common stock; and
		•	March 17, 2016, in the case of our Class B-3 common stock.
	On March 23, 2015, 353,630 shares of Class B-1 common stock converted into Class A common stock in accordance with the above, and no Class B-1 common stock remains outstanding.
	On January 20, 2015, the Company closed its January 2015 Follow-On Offering of 4,600,000 shares of its Class A common stock, par value $0.01 per share, inclusive of shares sold pursuant to the full exercise of the overallotment option by the underwriters. The shares were registered with the SEC, pursuant to a registration statement on Form S-3 (File No. 333-200359), filed with the SEC on November 19, 2014 and declared effective on December 19, 2014. The public offering price of $12.50 per share was announced on January 14, 2015. Net proceeds of the January 2015 Follow-On Offering were approximately $53.7 million after deducting underwriting discounts and commissions and estimated offering expenses
	Operating Partnership and Long-Term Incentive Plan Units
	On April 2, 2014, concurrently with the completion of the IPO, the Company entered into the Second Amended and Restated Agreement of Limited Partnership of its Operating Partnership, Bluerock Residential Holdings, L.P. Pursuant to the amendment, the Company is the sole general partner of the Operating Partnership and may not be removed as general partner by the limited partners with or without cause. The limited partners of the Operating Partnership are Bluerock REIT Holdings, LLC, BR-NPT Springing Entity, LLC (“NPT”), Bluerock Property Management, LLC (“BPM”), our Manager, and Bluerock Multifamily Advisor, LLC (the “Former Advisor”), all of which are affiliates of Bluerock.
	Prior to the completion of the IPO, the Company owned, directly and indirectly, 100% of the limited partnership units in the Operating Partnership. Effective as of the completion of the IPO, limited partners other than the Company owned approximately 9.87% of the Operating Partnership (4.59% are held by OP Unit holders and 5.28% are held by LTIP Unit holders.) As of March 31, 2015, limited partners other than the Company owned approximately 4.48% of the Operating Partnership (2.05% is held by OP Unit holders and 2.43% is held by LTIP Unit holders.)
	The Partnership Agreement, as amended, provides, among other things, that the Operating Partnership initially has two classes of limited partnership interests, which are units of limited partnership interest (“OP Units”), and the Operating Partnership’s long-term incentive plan units (“LTIP Units”). In calculating the percentage interests of the partners in the Operating Partnership, LTIP Units are treated as OP Units. In general, LTIP Units will receive the same per-unit distributions as the OP Units. Initially, each LTIP Unit will have a capital account balance of zero and, therefore, will not have full parity with OP Units with respect to any liquidating distributions. However, the Partnership Agreement Amendment provides that “book gain,” or economic appreciation, in the Company’s assets realized by the Operating Partnership as a result of the actual sale of all or substantially all of the Operating Partnership’s assets, or the revaluation of the Operating Partnership’s assets as provided by applicable U.S. Department of Treasury regulations, will be allocated first to the holders of LTIP Units until their capital account per unit is equal to the average capital account per-unit of the Company’s OP Unit holders in the Operating Partnership. We expect that the Operating Partnership will issue OP Units to limited partners, and the Company, in exchange for capital contributions of cash or property, and will issue LTIP Units pursuant to the Company’s 2014 Equity Incentive Plan for Individuals and 2014 Equity Incentive Plan for Entities (collectively the “Incentive Plans”), to persons who provide services to the Company, including the Company’s officers, directors and employees.
	Pursuant to the Partnership Agreement, as amended, any holders of OP Units, other than the Company or its subsidiaries, will receive redemption rights which, subject to certain restrictions and limitations, will enable them to cause the Operating Partnership to redeem their OP Units in exchange for cash or, at the Company’s option, shares of the Company’s Class A common stock, on a one-for-one basis. The Company has agreed to file, not earlier than one year after the closing of the IPO, one or more registration statements registering the issuance or resale of shares of its Class A common stock issuable upon redemption of the OP Units issued upon conversion of LTIP Units, which include those issued to the Manager and the Former Advisor. Subject to certain exceptions, the Operating Partnership will pay all expenses in connection with the exercise of registration rights under the Partnership Agreement.
	Stock-based Compensation for Independent Directors
	Prior to the Company’s IPO on April 2, 2014, the Company’s independent directors received an automatic grant of 5,000 shares of restricted stock on the initial effective date of the continuous registered offering and received an automatic grant of 2,500 shares of restricted stock when such directors were re-elected at each annual meeting of the Company’s stockholders thereafter through the 2013 annual meeting held on August 5, 2013. The restricted stock vested 20% at the time of the grant and 20% on each anniversary thereafter over four years from the date of the grant. All shares of restricted stock granted to the independent directors receive distributions, whether vested or unvested. The value of the restricted stock granted was determined at the date of grant. Commencing with the Company’s IPO, the Company’s independent directors will no longer receive automatic grants upon appointment or reelection at each annual meeting of the Company’s stockholders.
	On March 24, 2015, in accordance with the Company’s 2014 Equity Incentive Plan for Individuals (the “2014 Individuals Plan”), the Board authorized and each of the Company’s independent directors received two grants of 2,500 restricted shares of the Company’s Class A common stock. The first grant of 2,500 restricted shares related to services rendered in 2014 (each, a “2014 Restricted Stock Award”), while the second grant of 2,500 restricted shares relates to services rendered or to be rendered in 2015 (each, a “2015 Restricted Stock Award”). The vesting schedule for each 2014 Restricted Stock Award is as follows: (i) 834 shares as of March 24, 2015, (ii) 833 shares on March 24, 2016, and (iii) 833 shares on March 24, 2017. The vesting schedule for each 2015 Restricted Stock Award is as follows: (i) 834 shares as of March 24, 2016, (ii) 833 shares on March 24, 2017, and (iii) 833 shares on March 24, 2018.
	A summary of the status of the Company’s non-vested shares as of March 31, 2015 is as follows (amounts in thousands, except share amounts):
	Non-Vested shares			Shares (1)	Weighted average grant-date
					fair value  (1)
	Balance at January 1, 2015			3,956	$	90
	Granted			15,000		197
	Vested			-2,502		-33
	Forfeited			—		—
	Balance at March 31, 2015			16,454	$	254
	(1) The number of shares and per share amounts for the prior period have been retroactively restated to reflect the two reverse stock splits of the Class B common stock discussed above.
	At March 31, 2015, there was $219,000 of total unrecognized compensation cost related to unvested restricted stocks granted under the independent director compensation plan. The original cost is expected to be recognized over a period of  2.9 years.
	The Company currently uses authorized and unissued shares to satisfy share award grants.
	Distributions
	On October 10, 2014, the Board declared monthly dividends for the fourth quarter of 2014 equal to a quarterly rate of $0.29 per share on both the Company’s Class A common stock and Class B common stock, payable monthly to the stockholders of record as of October 25, 2014, November 25, 2014 and December 25, 2014, which was paid in cash on November 5, 2014, December 5, 2014 and January 5, 2015, respectively.
	The declared dividends equal a monthly dividend on the Class A common stock and Class B common stock as follows: $0.096666 per share for the dividend paid to stockholders of record as of October 25, 2014, and $0.096667 per share for the dividend paid to stockholders of record as of November 25, 2014, and December 25, 2014. A portion of each dividend may constitute a return of capital for tax purposes.
	On January 9, 2015, the Board declared monthly dividends for the first quarter of 2015 equal to a quarterly rate of $0.29 per share on both the Company’s Class A common stock and Class B common stock, payable monthly to the stockholders of record as of January 25, 2015, February 25, 2015 and March 25, 2015, which was paid in cash on February 5, 2015, March 5, 2015 and April 5, 2015, respectively.
	The declared dividends equal a monthly dividend on the Class A common stock and Class B common stock as follows: $0.096666 per share for the dividend paid to stockholders of record as of January 25, 2015, and $0.096667 per share for the dividend paid to stockholders of record as of February 25, 2015, and March 25, 2015. A portion of each dividend may constitute a return of capital for tax purposes. There is no assurance that the Company will continue to declare dividends or at this rate.
	Holders of OP and LTIP Units are entitled to receive "distribution equivalents" at the same time as dividends are paid to holders of the Company's Class A common stock.
Distributions paid for the three months ended March 31, 2015 were as follows (amounts in thousands):
		Distributions
2015		Declared		Paid
First Quarter
Class A Common Stock		$	3,554	$	3,073
Class B-1 Common Stock			68		103
Class B-2 Common Stock			103		103
Class B-3 Common Stock			103		103
OP Units			82		82
LTIP Units			96		96
Total		$	4,006	$	3,560

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 12 – Commitments and Contingencies
	The Company is subject to various legal actions and claims arising in the ordinary course of business. Although the outcome of any legal matter cannot be predicted with certainty, management does not believe that any of these legal proceedings or matters will have a material adverse effect on the consolidated financial position or results of operations or liquidity of the Company.

Economic_Dependency

Economic Dependency	3 Months Ended
	Mar. 31, 2015
Economic Dependency Disclosure [Abstract]
Economic Dependency Disclosure [Text Block]	Note 13 – Economic Dependency
	The Company is dependent on its Manager, an affiliate of Bluerock, to provide external management services for certain services that are essential to the Company, including the identification, evaluation, negotiation, purchase and disposition of properties and other investments; management of the daily operations of its real estate portfolio; and other general and administrative responsibilities. In the event that the Manager or its affiliates are unable to provide the respective services, the Company will be required to obtain such services from other sources.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 14 – Subsequent Events
	Alexan Blaire House Construction Financing
	On April 7, 2015, the Company, through an indirect subsidiary, entered into a $31.8 million construction loan with Bank of America, NA which is secured by the leasehold interest in the Alexan Blaire House property. The loan matures on April 7, 2019, and contains a one-year extension option, subject to certain conditions including a debt service coverage, loan to value ratio and payment of an extension fee. The loan bears interest on a floating basis on the amount drawn based on the base rate plus 1.25% or LIBOR plus 2.25%. Regular monthly payments are interest-only during the initial term, with payments during the extension period based on a thirty year amortization. The loan can be prepaid without penalty.
	Declaration of Dividends
	On April 10, 2015, the Board declared monthly dividends for the second quarter of 2015 equal to a quarterly rate of $0.29 per share on the Company’s Class A common stock and $0.29 per share on the Company’s Class B common stock, payable monthly to the stockholders of record as of April 25, 2015, May 25, 2015 and June 25, 2015, which will be paid in cash on May 5, 2015, June 5, 2015 and July 5, 2015, respectively. Holders of OP and LTIP Units are entitled to receive "distribution equivalents" at the same time as dividends are paid to holders of the Company's Class A common stock.
	The declared dividends equal a monthly dividend on the Class A common stock and the Class B common stock as follows: $0.096666 per share for the dividend paid to stockholders of record as of April 25, 2015, $0.096667 per share for the dividend paid to stockholders of record as of May 25, 2015, and $0.096667 per share for the dividend paid to stockholders of record as of June 25, 2015. A portion of each dividend may constitute a return of capital for tax purposes. There is no assurance that the Company will continue to declare dividends or at this rate.
	Distributions Paid
	The following distributions were paid to the Company's holders of Class A, Class B-2 and B-3 common stock as well as holders of OP and LTIP Units subsequent to March 31, 2015 (amounts in thousands):
	Shares	Declaration	Record Date	Date Paid	Distributions		Total
		Date			per Share		Distribution
	Class A Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	1,208
	Class B-2 Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	34
	Class B-3 Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	34
	OP Units	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	27
	LTIP Units	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	33
	Class A Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	1,208
	Class B-2 Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	34
	Class B-3 Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	34
	OP Units	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	27
	LTIP Units	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	33
	Total						$	2,672
	Entrance into Purchase Agreement for Ashton Reserve
	On May 12, 2015, the Company, through a subsidiary of its Operating Partnership, entered into an Assignment Agreement with Bluerock, pursuant to which the Company was assigned a purchase agreement to acquire a 322-unit apartment community located in Charlotte, North Carolina known as Ashton Reserve at Northlake (“Ashton Phase I”).  The purchase price of $44.8 million will be funded, in part, by the assumption of the existing loan secured by the property which has an expected principal amount as of the anticipated closing date of approximately $31.9 million.  The Company expects to invest approximately $13.7 million of equity in Ashton Phase I.
	The purchase agreement further provides that on the closing date for Ashton Phase I, the seller’s parent will assign a purchase agreement to acquire approximately 9.1 acres of land that are contiguous with Ashton Phase I, together with a 151-unit apartment community currently under construction thereon (“Ashton Phase II”) to the Company.  The purchase price for Ashton Phase II will be a maximum of $21.8 million.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation
	The Company operates as an umbrella partnership REIT in which Bluerock Residential Holdings, L.P. (its “Operating Partnership”), or its wholly-owned subsidiaries, owns substantially all of the property interests acquired on the Company’s behalf. As of March 31, 2015, limited partners other than the Company owned approximately 4.48% of the Operating Partnership (2.05% is held by holders of limited partnership interest in the Operating Partnership (“OP Units”) and 2.43% is held by holders of the Operating Partnership’s long-term incentive plan units (“LTIP Units”)). Bluerock Real Estate, L.L.C., a Delaware limited liability company, is referred to as Bluerock, (“Bluerock”), and the Company’s external manager, BRG Manager, LLC, a Delaware limited liability company, is referred to as its Manager, (“Manager”), Both Bluerock and the Manager are related parties with respect to the Company, but are not within the Company’s control.
	Because the Company is the sole general partner of its Operating Partnership and has unilateral control over its management and major operating decisions (even if additional limited partners are admitted to the Operating Partnership), the accounts of the Operating Partnership are consolidated in its consolidated financial statements. The Company consolidates entities in which it controls more than 50% of the voting equity and in which control does not rest with other investors. Investments in real estate joint ventures over which the Company has the ability to exercise significant influence, but for which it does not have financial or operating control, are accounted for using the equity method of accounting. These entities are reflected on the Company’s consolidated financial statements as “Investments in unconsolidated real estate joint ventures. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements.  The Company will consider future majority owned and controlled joint ventures for consolidation in accordance with the provisions required by the Consolidation Topic 810 of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).
	Certain amounts in prior year financial statement presentation have been reclassified to conform to the current period presentation.
Interim Financial Information [Policy Text Block]	Interim Financial Information
	The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting, and the instructions to Form 10-Q and Article 10-1 of Regulation S-X.  Accordingly, the financial statements for interim reporting do not include all of the information and notes or disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included.  Operating results for interim periods should not be considered indicative of the operating results for a full year.
	The balance sheet at December 31, 2014 has been derived from the audited financial statements at that date, but does not include all of the information and disclosures required by GAAP for complete financial statements.  For further information refer to the financial statements and notes thereto included in our audited consolidated financial statements for the year ended December 31, 2014 contained in the Annual Report on Form 10-K as filed with the SEC on March 4, 2015.
Basis of Accounting, Policy [Policy Text Block]	Summary of Significant Accounting Policies
	There have been no significant changes to the Company’s accounting policies since it filed its audited consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2014.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
	The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America (“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. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements
	In April 2015, the FASB issued Accounting Standards Update No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). The amendments in ASU 2015-03 require that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts and the accounting for debt issue costs. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU 2015-03. The amendments in ASU 2015-03 become effective for public business entities in the first annual period beginning after December 15, 2015, and interim periods within those fiscal years, with early application permitted. The Company is currently evaluating the impact of this accounting standard.
	In February 2015, the FASB issued Accounting Standards Update No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 eliminates specific consolidation guidance for limited partnerships and revises other aspects of consolidation analysis, including how kick-out rights, fee arrangements and related parties are assessed. ASU 2015-02 is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact of ASU 2015-02 on the Company’s financial statements.
	In January 2015, the FASB issued Accounting Standards Update No. 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items” (“ASU 2015-01”), which eliminates the concept of extraordinary items and require items that are either unusual in nature or infrequently occurring to be reported as a separate component of income from continuing operations or disclosed in the notes to the financial statements. ASU 2015-01 is effective for periods beginning after December 15, 2015, with early adoption permitted. ASU 2015-01 is not expected to have a material impact on the Company's financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (“ASU 2014-15”), which requires an entity's management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. ASU 2014-15 is effective for periods beginning after December 15, 2016. ASU 2014-15 is not expected to have a material impact on the Company's financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance when it becomes effective on January 1, 2017. Early adoption is not permitted. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method and is evaluating the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures.

Real_Estate_Assets_Held_for_Sa1

Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate Assets Held for Development and Sale [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following is a summary of the results of operations of the Creekside property classified as discontinued operations for the three months ended March 31, 2014 (amounts in thousands); there were no operations for the three months ended March 31, 2015 as the property was sold on March 28, 2014:
		For the Three Months Ended March 31,
		2015		2014
	Total revenues	$	-	$	508
	Expenses
	Property operating		-		-229
	Depreciation and amortization		-		-184
	Management fees		-		-8
	Interest, net		-		-149
	Loss on operations of rental property	$	-	$	-62
	Gain on sale of joint venture interest		-		1,006
	Loss on early extinguishment of debt		-		-880
	Income from discontinued operations	$	-	$	64

Investments_in_Real_Estate_Tab

Investments in Real Estate (Tables)	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Schedule Of Equity Method Investments And Consolidation Accounting Investments [Table Text Block]	As of March 31, 2015, the Company was invested in ten operating real estate properties and three development properties through joint venture partnerships. The following tables provide summary information regarding our operating and development investments, which are either consolidated or presented on the equity method of accounting.
	Operating Properties
		Number of	Date	Ownership		Average		%
	Multifamily Community Name/Location	Units	Built/Renovated  (1)	Interest		Rent  (2)		Occupied  (3)
	MDA Apartment/ Chicago, IL (4)	190	2006	35.31	%	$	2,231	95	%
	Enders Place at Baldwin Park/ Orlando, FL	220	2003	89.5	%		1,521	95	%
	Park & Kingston, Charlotte, NC	153	2014	46.95	%		1,184	91	%
	ARIUM Grande Lakes/ Orlando, FL	306	2005	95	%		1,130	96	%
	Lansbrook Village/ Palm Harbor, FL	595	2004	76.81	%		1,122	93	%
	Village Green of Ann Arbor/ Ann Arbor, MI	520	2013	48.61	%		1,120	93	%
	Fox Hill, Austin , TX	288	2010	85.27	%		1,110	98	%
	North Park Towers/ Southfield, MI (5)	313	2000	100	%		1,044	95	%
	Springhouse at Newport News/ Newport News, VA	432	1985	75	%		830	92	%
	Villas at Oak Crest/ Chattanooga, TN	209	1999	67.18	%		806	98	%
	Total/Average	3,226				$	1,150	94	%
	(1) Represents date of last significant renovation or year built if there were no renovations.
	(2) Represents the average effective monthly rent per occupied unit for all occupied units for the three months ended March 31, 2015. Total concessions for the three months ended March 31, 2015 amounted to approximately $45,000.
	(3) Percent occupied is calculated as (i) the number of units occupied as of March 31, 2015, divided by (ii) total number of units, expressed as a percentage.
	(4) The MDA Apartments include 8,200 square feet of retail space. Average effective rent excluding the property’s retail space was $2,082.
	(5) This property is classified as held for sale as of March 31, 2015 and accounted for on a consolidated basis based on our 100% ownership in the property. Amounts related to this investment are classified as held for sale assets/liabilities on the Company’s consolidated balance sheet.
Schedule Of Development Properties In Real Estate [Table Text Block]	Development Properties
		Number of	Initial	Final Units to		Pro Forma
	Multifamily Community Name/Location	Units	Occupancy	be Delivered		Average Rent  (1)
	UCF Orlando / Orlando, FL	296	2Q 2015	2Q 2016		$	1,211
	Alexan CityCentre / Houston, TX	340	4Q 2016	4Q 2017			2,144
	Alexan Blaire House / Houston, TX	269	1Q 2017	1Q 2018		$	2,019
	Total/Average	905				$	1,803
	(1) Represents the average pro forma effective monthly rent per occupied unit for all expected occupied units upon stabilization.

Acquisition_of_Real_Estate_Tab

Acquisition of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of Purchase Prices Allocations [Table Text Block]	The following table summarizes the assets acquired at the acquisition date. The amounts listed below reflect provisional amounts that will be updated as information becomes available (amounts in thousands):
		Preliminary Purchase Price Allocation
	Land	$	7,240
	Building		47,641
	Building improvements		6,292
	Land improvements		2,386
	Furniture and fixtures		1,204
	In-place leases		1,237
	Total assets acquired	$	66,000
Business Acquisition, Pro Forma Information [Table Text Block]	The pro-forma information presented below represents the change in consolidated revenue and earnings as if the Company's significant acquisitions of Village Green of Ann Arbor, North Park Towers, Lansbrook Village, ARIUM Grande Lakes, and Fox Hill, (collectively the "Recent Acquisitions"), had occurred on January 1, 2014 (amounts in thousands, except per share amounts).
		Three Months Ended March 31,						Three Months Ended March 31,
		2015						2014
		As Reported		Pro-Forma		Pro-Forma		As Reported		Pro-Forma		Pro-Forma
				Adjustments						Adjustments
	Revenues	$	9,036	$	936	$	9,972	$	3,226	$	6,314	$	9,540
	Net income (loss)	$	9,347	$	433	$	9,780	$	-1,188	$	-1,170	$	-2,358
	Net income (loss) attributable to BRG	$	3,313	$	412	$	3,725	$	-1,047	$	-1,076	$	-2,123
	Earnings (loss) per share, basic and diluted	$	0.26			$	0.3	$	-0.99			$	-2
	(1) Pro-forma earnings per share, both basic and diluted, are calculated based on the net income (loss) attributable to BRG.

Investments_in_Unconsolidated_1

Investments in Unconsolidated Real Estate Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	The carrying amount of the Company’s investments in unconsolidated real estate joint ventures as of March 31, 2015 and December 31, 2014 is summarized in the table below (amounts in thousands):
		March 31,			December 31,
	Property	2015			2014
	Villas at Oak Crest	$	3,163		$	3,170
	Alexan CityCentre		6,505			6,505
	UCF Orlando		3,629			3,629
	23Hundred@Berry Hill		202			4,906
	Alexan Blaire House		8,679			-
	Other		120			121
	Total	$	22,298		$	18,331
Preferred Equity Method Investments [Table Text Block]	The Company’s investments in the Villas at Oak Crest, Alexan CityCentre UCF Orlando, and Alexan Blaire House represent preferred equity investments with the following stated returns:
		Current Pay				Total
		Annualized		Accrued		Annualized
		Preferred		Annualized		Preferred
	Property	Return		Preferred Return		Return
	Villas at Oak Crest	10.5	%	4.5	%	15	%
	Alexan CityCentre	15	%	—		15	%
	UCF Orlando	15	%	—		15	%
	Alexan Blaire House	15	%	—		15	%
Equity Income Loss of Joint Ventures [Table Text Block]	The equity in income (loss) of the Company’s unconsolidated real estate joint ventures for the three months ended March 31, 2015 and 2014 is summarized below (amounts in thousands):
		March 31,			March 31,
	Property	2015			2014
	Villas at Oak Crest	$	105		$	—
	Alexan CityCentre		241			—
	UCF Orlando		134			—
	Alexan Blaire House		261			—
	Other		-11			-6
	Equity in income (loss) of unconsolidated joint venture	$	730		$	-6
Schedule Of Condensed Financial Statements [Table Text Block]	Summary combined financial information for the Company’s investments in unconsolidated real estate joint ventures as of March 31, 2015 and December 31, 2014 and for the three months ended March 31, 2015 and 2014, is as follows:
		March 31,			December 31,
		2015			2014
	Balance Sheets:
	Real estate, net of depreciation	$	62,585		$	55,091
	Real estate, net of depreciation, held for sale		—			31,334
	Other assets		8,790			1,193
	Other assets, held for sale		486			2,458
	Total assets	$	71,861		$	90,076
	Mortgage payable	$	25,077		$	19,820
	Mortgage payable, held for sale		—			23,569
	Other liabilities		3,315			2,812
	Other liabilities, held for sale		18			1,026
	Total liabilities	$	28,410		$	47,227
	Members’ equity		43,451			42,849
	Total liabilities and members’ equity	$	71,861		$	90,076
		Three Months Ended March 31,
		2015			2014
	Operating Statements:
	Total revenues	$	683		$	599
	Property operating expenses		-280			-229
	Income before debt service, acquisition costs, and depreciation and amortization		403			370
	Interest expense		-181			-186
	Acquisition costs		—			—
	Depreciation and amortization		-212			-200
	Operating income (loss)		10			-16
	Gain on sale of real estate		29,197			—
	Net income (loss)		29,207			-16
	Net (income) loss attributable to JV partners		-28,838			11
	Net income (loss) attributable to common stockholders		369			-5
	Amortization of deferred financing costs paid on behalf of joint venture		-7			—
	Equity in income (loss) of unconsolidated joint venture	$	362		$	-5

Mortgages_Payable_Tables

Mortgages Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Mortgage Notes Payable [Table Text Block]	The following table summarizes certain information as of March 31, 2015 and December 31, 2014, with respect to the Company’s indebtedness (amounts in thousands).
		Outstanding Principal				As of March 31, 2015
	Property	31-Mar-15		31-Dec-14		Interest Rate			Fixed/ Floating	Maturity Date
	Springhouse at Newport News	$	22,428	$	22,515		5.66	%	Fixed	1-Jan-20
	Enders Place at Baldwin Park(1)		25,398		25,475		4.3	%	Fixed	1-Nov-22
	MDA Apartments		37,600		37,600		5.35	%	Fixed	1-Jan-23
	Village Green of Ann Arbor		42,887		43,078		3.92	%	Fixed	1-Oct-22
	Lansbrook Village		43,043		42,357		4.42	%	Blended (2)	31-Mar-18
	ARIUM Grande Lakes		29,444		29,444		1.84	%	Floating (3)	1-Dec-24
	Fox Hills		26,705		—		3.57	%	Fixed	1-Apr-22
	Park & Kingston		15,250		—		3.21	%	Fixed	1-Apr-20
	Total		242,755		200,469
	Fair value adjustments		808		874
	Total continuing operations		243,563		201,343
	North Park Towers - held for sale		11,500		11,500		5.65	%	Fixed	6-Jan-24
	Total	$	255,063	$	212,843
	(1) The principal includes a $17.4 million loan at a 3.97% interest rate and an $8.0 million supplemental loan at a 5.01% interest rate.
	(2) The principal balance includes the initial advance of $42.0 million at a fixed rate of 4.45% and an additional advance of $1.0 million that bears interest at a floating rate of one month LIBOR plus 3.00%, as of March 31, 2015, the additional advance had an interest rate of 3.31%.
	(3) ARIUM Grande Lakes Senior Loan bears interest at a floating rate of 1.67% plus one month LIBOR.  At March 31, 2015, the interest rate was 1.84%.
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	As of March 31, 2015, contractual principal payments for the five subsequent years and thereafter are as follows (amounts in thousands):
	Year	Total
	2015 (April 1-December 31)	$	1,056
	2016		2,717
	2017		3,040
	2018		44,297
	2019		2,938
	Thereafter		200,207
		$	254,255
	Add: Unamortized fair value debt adjustment		808
	Total	$	255,063

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule Of Related Party Transactions [Table Text Block]	Pursuant to the terms of the Advisory Agreement and the Management Agreement, summarized below are the related party amounts payable to our Former Advisor and the Manager, as of March 31, 2015 and December 31, 2014 (in thousands).
		March 31,		December 31,
		2015		2014
	Amounts Payable to the Former Advisor under our Prior and Terminated Advisory Agreement
	Asset management and oversight fees	$	404	$	404
	Acquisition fees and disposition fees		740		740
	Financing fees		36		36
	Total payable to the Former Advisor		1,180		1,180
	Amounts Payable to the Manager under the New Management Agreement
	Base management fee		519		310
	Incentive fee		931		146
	Other		4		7
	Total payable to the Manager		1,454		463
	Total amounts payable to Former Advisor and Manager	$	2,634	$	1,643

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Note [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table reconciles the components of basic and diluted net loss per common share (amounts in thousands, except share and per share amounts):
			For the Three Months Ended March 31,
			2015		2014
	Net income (loss) from continuing operations attributable to common stockholders		$	3,313	$	-1,111
	Dividends on restricted stock expected to vest			-2		-2
	Basic net income (loss) from continuing operations attributable to common stockholders		$	3,311	$	-1,113
	Basic net income from discontinued operations attributable to common stockholders		$	—	$	64
	Weighted average common shares outstanding (2)			12,547,895		1,060,889
	Potential dilutive shares (1)			-		-
	Weighted average common shares outstanding and potential dilutive shares (2)			12,547,895		1,060,889
	Income (loss) per common share, basic
	Continuing operations		$	0.26	$	-1.05
	Discontinued operations		$	0	$	0.06
			$	0.26	$	-0.99
	Income (loss) per common share, diluted
	Continuing operations		$	0.26	$	-1.05
	Discontinued operations		$	0	$	0.06
			$	0.26	$	-0.99
	The number of shares and per share amounts for the prior period have been retroactively restated to reflect the two reverse stock splits of the Class B common stock discussed below.
	The effect of the conversion of OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Class A Common Stock on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share.
		-1	Excludes 3,956 and 6,468 shares of Class B common stock, for the three months ended March 31, 2015 and 2014, related to non-vested restricted stock, as the effect would be anti-dilutive.  Also excludes 282,759 OP Units for the three months ended March 31, 2015 as the effect would be anti-dilutive.
		-2	For 2015, amounts relate to shares of the Company’s Class A, B-1, B-2, B-3 common stock and LTIP Units outstanding. For 2014, amounts relate to Class B-1, B-2 and B-3 common shares outstanding.
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of the Company’s non-vested shares as of March 31, 2015 is as follows (amounts in thousands, except share amounts):
	Non-Vested shares			Shares (1)	Weighted average grant-date
					fair value  (1)
	Balance at January 1, 2015			3,956	$	90
	Granted			15,000		197
	Vested			-2,502		-33
	Forfeited			—		—
	Balance at March 31, 2015			16,454	$	254
	(1) The number of shares and per share amounts for the prior period have been retroactively restated to reflect the two reverse stock splits of the Class B common stock discussed above.
Schedule of Distributions Made to Members or Limited Partners, by Distribution [Table Text Block]	Distributions paid for the three months ended March 31, 2015 were as follows (amounts in thousands):
			Distributions
	2015		Declared		Paid
	First Quarter
	Class A Common Stock		$	3,554	$	3,073
	Class B-1 Common Stock			68		103
	Class B-2 Common Stock			103		103
	Class B-3 Common Stock			103		103
	OP Units			82		82
	LTIP Units			96		96
	Total		$	4,006	$	3,560

Subsequent_Events_Tables

Subsequent Events (Tables)	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Schedule of Subsequent Events [Table Text Block]	The following distributions were paid to the Company's holders of Class A, Class B-2 and B-3 common stock as well as holders of OP and LTIP Units subsequent to March 31, 2015 (amounts in thousands):
	Shares	Declaration	Record Date	Date Paid	Distributions		Total
		Date			per Share		Distribution
	Class A Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	1,208
	Class B-2 Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	34
	Class B-3 Common Stock	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	34
	OP Units	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	27
	LTIP Units	Jan. 9, 2015	25-Mar-15	5-Apr-15	$	0.096667	$	33
	Class A Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	1,208
	Class B-2 Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	34
	Class B-3 Common Stock	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	34
	OP Units	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	27
	LTIP Units	10-Apr-15	25-Apr-15	5-May-15	$	0.096666	$	33
	Total						$	2,672

Organization_and_Nature_of_Bus1

Organization and Nature of Business (Details Textual) (USD $)	0 Months Ended		3 Months Ended		12 Months Ended	1 Months Ended
	Oct. 08, 2014	Sep. 09, 2013	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Jan. 20, 2015	Mar. 28, 2014	Jan. 14, 2015
Organization and Nature of Business [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest			90.00%		42.20%
Proceeds From Issuance Of Common Stock	$32,900,000	$22,600,000	$53,650,000	$0
Contribution Transactions Completed Description			a series of related contribution transactions pursuant to which it acquired indirect equity interests in four apartment properties, and a 100% fee simple interest in a fifth apartment property for an aggregate asset value of $152.3 million (inclusive of Villas of Oak Crest, which is accounted for under the equity method, and Springhouse, in which the Company already owned an interest and which has been reported as consolidated for the periods presented.
Number of Units in Real Estate Property			4,131
Common Class A [Member]
Organization and Nature of Business [Line Items]
Proceeds From Issuance Of Common Stock						53,700,000
Stock Issued During Period, Shares, New Issues	3,035,444					4,600,000
Proceeds from Issuance Initial Public Offering			44,000,000
Stockholders Equity, Reverse Stock Split			Immediately following the filing of the Second Charter Amendment, we effectuated a 2.264881 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock, and on March 31, 2014, we effected an additional 1.0045878 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock.
Sale of Stock, Price Per Share	$11.90					$12.50		$12.50
Common Stock, Par or Stated Value Per Share			$0.01		0.01	$0.01		$0.01
IPO [Member]
Organization and Nature of Business [Line Items]
Stockholders Equity, Reverse Stock Split			Following the filing of the Second Charter Amendment, the Company effected a 2.264881-to-1 reverse stock split of its outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock, and on March 31, 2014, the Company effected an additional 1.0045878-to-1 reverse stock split of its outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock.
IPO [Member] | Common Class A [Member]
Organization and Nature of Business [Line Items]
Stock Issued During Period, Shares, New Issues							3,448,276
Shares Issued, Price Per Share							$14.50
Proceeds From Issuance Initial Public Offering Gross							$50,000,000
Operating Property [Member]
Organization and Nature of Business [Line Items]
Percent of Real Estate Properties Occupied			94.00%
Operating Units [Member]
Organization and Nature of Business [Line Items]
Number of Units in Real Estate Property			3,226
Under Development [Member]
Organization and Nature of Business [Line Items]
Number of Units in Real Estate Property			905

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Accounting Policies [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	90.00%	42.20%
OP LTIP unit [Member]
Accounting Policies [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	4.48%
OP Unit [Member]
Accounting Policies [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	2.05%
LTIP Unit [Member]
Accounting Policies [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	2.43%

Real_Estate_Assets_Held_for_Sa2

Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues	$0	$508
Expenses
Property operating	0	-229
Depreciation and amortization	0	-184
Management fees	0	-8
Interest, net	0	-149
Loss on operations of rental property	0	-62
Gain on sale of joint venture interest	0	1,006
Loss on early extinguishment of debt	0	-880
Income from discontinued operations	$0	$64

Real_Estate_Assets_Held_for_Sa3

Real Estate Assets Held for Sale, Discontinued Operations and Sale of Joint Venture Equity Interests (Details Textual) (USD $)	3 Months Ended	12 Months Ended	1 Months Ended	0 Months Ended	1 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 28, 2014	Dec. 10, 2014	Dec. 18, 2014	Dec. 03, 2014	Jan. 14, 2015
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	90.00%	42.20%
Prior To Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
Berry Hill [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale of joint venture ownership percentage	25.10%
Fund III [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale of joint venture ownership percentage	28.40%
Fund III [Member] | Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		22.40%
Bemt Berry Hill [Member] | Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		19.80%
BR Creekside [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Disposition Fees			$0.10
Proceeds from Sale of Real Estate Gross			18.9
Payments for Mortgage on Real Estate Sold			13.5
Proceeds from Sale of Real Estate			1.2
Deferred Gain on Sale of Property			1
Sale Of Joint Venture Real Estate Ownership Percentage			24.70%
BEMT Augusta, LLC [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale of joint venture ownership percentage				25.00%
Estates at Perimeter/Augusta [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale of joint venture ownership percentage				25.00%
Net Proceeds From Divestiture Of Interest In Joint Venture				1.7
Gain On Sale Of Equity Interests				0.6
BRG Co-Owner [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale of joint venture ownership percentage				50.00%
Sale Of Joint Venture Real Estate Ownership Percentage					40.00%
Waypoint Residential Services [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale Of Joint Venture Equity Interest For Unaffiliate				26
BRG Grove [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale Of Joint Venture Real Estate Ownership Percentage					60.00%
BGFbs subsidiary BGF 23Hundred, LLC [Member] | Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		22.90%
SH 23Hundred TIC, LLC [Member] | Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		34.80%
Bluerock Growth Fund, LLC [Member] | Prior To Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	29.00%
Un Affiliated Third Party [Member] | Prior To Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	17.50%
BR Stonehenge 23Hundred JV, LLC [Member] | Prior To Restructuring [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
Bel Hendersonville [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Sale Of Joint Venture Equity Interest For Unaffiliate						37.7
Waterford [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Net Proceeds From Divestiture Of Interest In Joint Venture						9
Gain On Sale Of Equity Interests						3.5
Berry Hill General Partnership [Member]
Real Estate Assets Held for Development and Sale [Line Items]
Disposition Fees	0.1
Sale Of Joint Venture Equity Interest For Unaffiliate							61.2
Net Proceeds From Divestiture Of Interest In Joint Venture							7.3
Gain On Sale Of Equity Interests							11.3
Gain On Sale Of Equity Investments Pro Rata Basis	5.3

Investments_in_Real_Estate_Det

Investments in Real Estate (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	905
Average Rent	$1,803	[1]
Number of Units in Real Estate Property	4,131
UCF Orlando [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	296
Average Rent	1,211	[1]
Final Units to be Delivered	2Q 2016
Initial Occupancy	2Q 2015
Alexan CityCentre [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	340
Average Rent	2,144	[1]
Final Units to be Delivered	4Q 2017
Initial Occupancy	4Q 2016
Alexan Blaire House [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Average Rent	2,019	[1]
Number of Units in Real Estate Property	269
Final Units to be Delivered	1Q 2018
Initial Occupancy	1Q 2017
MDA Apartment [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	190	[2]
Date Build/Renovated	2006	[2],[3]
Ownership Interest	35.31%	[2]
Average Rent	2,231	[2],[4]
% Occupied	95.00%	[2],[5]
Enders at Baldwin Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	220
Date Build/Renovated	2003	[3]
Ownership Interest	89.50%
Average Rent	1,521	[4]
% Occupied	95.00%	[5]
Lansbrook Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	595
Date Build/Renovated	2004	[3]
Ownership Interest	76.81%
Average Rent	1,122	[4]
% Occupied	93.00%	[5]
Village Green of Ann Arbor [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	520
Date Build/Renovated	2013	[3]
Ownership Interest	48.61%
Average Rent	1,120	[4]
% Occupied	93.00%	[5]
Fox Hill, Austin [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	288
Date Build/Renovated	2010	[3]
Ownership Interest	85.27%
Average Rent	1,110	[4]
% Occupied	98.00%	[5]
ARIUM Grande Lakes [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	306
Date Build/Renovated	2005	[3]
Ownership Interest	95.00%
Average Rent	1,130	[4]
% Occupied	96.00%	[5]
North Park Towers [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	313	[6]
Date Build/Renovated	2000	[3],[6]
Ownership Interest	100.00%	[6]
Average Rent	1,044	[4],[6]
% Occupied	95.00%	[5],[6]
Springhouse at Newport News [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	432
Date Build/Renovated	1985	[3]
Ownership Interest	75.00%
Average Rent	830	[4]
% Occupied	92.00%	[5]
Villas at Oak Crest [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	209
Date Build/Renovated	1999	[3]
Ownership Interest	67.18%
Average Rent	806	[4]
% Occupied	98.00%	[5]
Average [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	3,226
Average Rent	1,150	[4]
% Occupied	94.00%	[5]
Park Kingston, Charlotte [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Units	153
Date Build/Renovated	2014	[3]
Ownership Interest	46.95%
Average Rent	$1,184	[4]
% Occupied	91.00%	[5]
[1]	Represents the average pro forma effective monthly rent per occupied unit for all expected occupied units upon stabilization.
[2]	The MDA Apartments include 8,200 square feet of retail space. Average effective rent excluding the propertybs retail space was $2,082.
[3]	Represents date of last significant renovation or year built if there were no renovations.
[4]	Represents the average effective monthly rent per occupied unit for all occupied units for the three months ended March 31, 2015. Total concessions for the three months ended March 31, 2015 amounted to approximately $45,000.
[5]	Percent occupied is calculated as (i) the number of units occupied as of March 31, 2015, divided by (ii) total number of units, expressed as a percentage.
[6]	This property is classified as held for sale as of March 31, 2015 and accounted for on a consolidated basis based on our 100% ownership in the property. Amounts related to this investment are classified as held for sale assets/liabilities on the Companybs consolidated balance sheet.

Investments_in_Real_Estate_Det1

Investments in Real Estate (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	acre
Real Estate Property [Line Items]
Approximate Rentable Square Footage For Mda Apartments	8,200
Concessions Costs	$45,000
Average Effective Rent Excluding Property Rental Space	2,082
SEC Schedule III, Real Estate Accumulated Depreciation, Depreciation Expense	2,300,000	1,200,000
Amortization of Deferred Leasing Fees	$500,000	$100,000

Acquisition_of_Real_Estate_Det

Acquisition of Real Estate (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Preliminary Purchase Price Allocation
Land	$7,240
Building	47,641
Building improvements	6,292
Land improvements	2,386
Furniture and fixtures	1,204
In-place leases	1,237
Total assets acquired	$66,000

Acquisition_of_Real_Estate_Det1

Acquisition of Real Estate (Details1) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Business Acquisition [Line Items]
Revenues	$9,036	$3,226
Net income (loss)	9,347	-1,188
Net income (loss) attributable to BRG	3,313	-1,047
Scenario, Previously Reported [Member]
Business Acquisition [Line Items]
Revenues	9,036	3,226
Net income (loss)	9,347	-1,188
Net income (loss) attributable to BRG	3,313	-1,047
Earnings (loss) per share, basic and diluted	$0.26	($0.99)
Scenario, Adjustment [Member]
Business Acquisition [Line Items]
Revenues	936	6,314
Net income (loss)	433	-1,170
Net income (loss) attributable to BRG	412	-1,076
Pro Forma [Member]
Business Acquisition [Line Items]
Revenues	9,972	9,540
Net income (loss)	9,780	-2,358
Net income (loss) attributable to BRG	$3,725	($2,123)
Earnings (loss) per share, basic and diluted	$0.30	($2)

Acquisition_of_Real_Estate_Det2

Acquisition of Real Estate (Details Textual) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 16, 2015	Mar. 26, 2015
Business Acquisition [Line Items]
Aggregate Property Level Revenues And Recent Acquisitions	$5.70
Aggregate Property Level Net Income And Recent Acquisitions	2
Park Kingston Phase I Units [Member]
Business Acquisition [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest		46.95%
Business Acquisition Indirect Ownership, Amount	27.85
Park Kingston Phase I Units [Member] | Senior Secured Mortgage Loan [Member]
Business Acquisition [Line Items]
Business Acquisition Indirect Ownership, Amount	15.25
Park Kingston Phase II Units [Member]
Business Acquisition [Line Items]
Business Acquisition Indirect Ownership, Amount	2.87
Fox Hill [Member]
Business Acquisition [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest			85.27%
Business Acquisition Indirect Ownership, Amount	38.15
Fox Hill [Member] | Senior Secured Mortgage Loan [Member]
Business Acquisition [Line Items]
Business Acquisition Indirect Ownership, Amount	$26.71

Investments_in_Unconsolidated_2

Investments in Unconsolidated Real Estate Joint Ventures (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Equity Method Investments	$22,298	$18,331
Villas at Oak Crest [Member]
Equity Method Investments	3,163	3,170
Alexan CityCentre [Member]
Equity Method Investments	6,505	6,505
UCF Orlando [Member]
Equity Method Investments	3,629	3,629
Hundred Berry Hill [Member]
Equity Method Investments	202	4,906
Alexan Blaire House [Member]
Equity Method Investments	8,679	0
Others [Member]
Equity Method Investments	$120	$121

Investments_in_Unconsolidated_3

Investments in Unconsolidated Real Estate Joint Ventures (Details 1)	Mar. 31, 2015
Villas at Oak Crest [Member]
Current Pay Annualized Preferred Return Percentage	10.50%
Accrued Annualized Preferred Return Percentage	4.50%
Annualized Preferred Return, Total Percentage	15.00%
Alexan CityCentre [Member]
Current Pay Annualized Preferred Return Percentage	15.00%
Accrued Annualized Preferred Return Percentage	0.00%
Annualized Preferred Return, Total Percentage	15.00%
UCF Orlando [Member]
Current Pay Annualized Preferred Return Percentage	15.00%
Accrued Annualized Preferred Return Percentage	0.00%
Annualized Preferred Return, Total Percentage	15.00%
Alexan Blaire House [Member]
Current Pay Annualized Preferred Return Percentage	15.00%
Accrued Annualized Preferred Return Percentage	0.00%
Annualized Preferred Return, Total Percentage	15.00%

Investments_in_Unconsolidated_4

Investments in Unconsolidated Real Estate Joint Ventures (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income (Loss) From Equity Method Investments	$730	($6)
Villas at Oak Crest [Member]
Income (Loss) From Equity Method Investments	105	0
Alexan CityCentre [Member]
Income (Loss) From Equity Method Investments	241	0
UCF Orlando [Member]
Income (Loss) From Equity Method Investments	134	0
Alexan Blaire House [Member]
Income (Loss) From Equity Method Investments	261	0
Other [Member]
Income (Loss) From Equity Method Investments	($11)	($6)

Investments_in_Unconsolidated_5

Investments in Unconsolidated Real Estate Joint Ventures (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Balance Sheets:
Real estate, net of depreciation	$62,585		$55,091
Real estate, net of depreciation, held for sale	0		31,334
Other assets	8,790		1,193
Other assets, held for sale	486		2,458
Total assets	71,861		90,076
Mortgage payable	25,077		19,820
Mortgage payable, held for sale	0		23,569
Other liabilities	3,315		2,812
Other liabilities, held for sale	18		1,026
Total liabilities	28,410		47,227
Membersb equity	43,451		42,849
Total liabilities and stockholders' equity	71,861		90,076
Operating Statement:
Total revenues	683	599
Property operating expenses	-280	-229
Income before debt service, acquisition costs, and depreciation and amortization	403	370
Interest Expense	-181	-186
Acquisition costs	0	0
Depreciation and amortization	-212	-200
Operating income (loss)	10	-16
Gain on sale of real estate	29,197	0
Net income (loss)	29,207	-16
Net (income) loss attributable to JV partners	-28,838	11
Net income (loss) attributable to common stockholders	369	-5
Amortization of deferred financing costs paid on behalf of joint ventures	-7	0
Equity in income (loss) of unconsolidated joint venture	$362	($5)

Investments_in_Unconsolidated_6

Investments in Unconsolidated Real Estate Joint Ventures (Details Textual) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Equity Method Investment And Joint Venture [Line Items]
Ground Lease Term	85 years
BRG Southside, LLC [Member]
Equity Method Investment And Joint Venture [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	17.4
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage	100.00%
Alexan Blaire House [Member]
Equity Method Investment And Joint Venture [Line Items]
Capital Contribution To Venture	8.7

Mortgages_Payable_Details

Mortgages Payable (Details) (Mortgages [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014
Line of Credit Facility [Line Items]
Total Outstanding Principal	$242,755		$200,469
Fair value adjustments	808		874
Total continuing operations	243,563		201,343
Total	255,063		212,843
Spring House [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	22,428		22,515
Interest Rate	5.66%
Fixed/Floating	Fixed
Maturity Date	1-Jan-20
Enders Place at Baldwin Park [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	25,398	[1]	25,475	[1]
Interest Rate	4.30%	[1]
Fixed/Floating	Fixed	[1]
Maturity Date	1-Nov-22	[1]
MDA Apartments [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	37,600		37,600
Interest Rate	5.35%
Fixed/Floating	Fixed
Maturity Date	1-Jan-23
Village Green Ann Arbor [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	42,887		43,078
Interest Rate	3.92%
Fixed/Floating	Fixed
Maturity Date	1-Oct-22
Lansbrook Village [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	43,043		42,357
Interest Rate	4.42%
Fixed/Floating	Blended	[2]
Maturity Date	31-Mar-18
ARIUM Grande Lakes
Line of Credit Facility [Line Items]
Total Outstanding Principal	29,444		29,444
Interest Rate	1.84%
Fixed/Floating	Floating	[3]
Maturity Date	1-Dec-24
North Park Towers [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	11,500		11,500
Interest Rate	5.65%
Fixed/Floating	Fixed
Maturity Date	6-Jan-24
Fox Hills [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	26,705		0
Interest Rate	3.57%
Fixed/Floating	Fixed
Maturity Date	1-Apr-22
Park Kingston [Member]
Line of Credit Facility [Line Items]
Total Outstanding Principal	$15,250		$0
Interest Rate	3.21%
Fixed/Floating	Fixed
Maturity Date	1-Apr-20
[1]	The principal includes a $17.4 million loan at a 3.97% interest rate and an $8.0 million supplemental loan at a 5.01% interest rate.
[2]	The principal balance includes the initial advance of $42.0 million at a fixed rate of 4.45% and an additional advance of $1.0 million that bears interest at a floating rate of one month LIBOR plus 3.00%, as of March 31, 2015, the additional advance had an interest rate of 3.31%.
[3]	ARIUM Grande Lakes Senior Loan bears interest at a floating rate of 1.67% plus one month LIBOR. At March 31, 2015, the interest rate was 1.84%.

Mortgages_Payable_Details_1

Mortgages Payable (Details 1) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Contractual Obligation, Fiscal Year Maturity Schedule [Line Items]
2015 (April 1-December 31)	$1,056
2016	2,717
2017	3,040
2018	44,297
2019	2,938
Thereafter	200,207
Long-term Debt	254,255
Add: Unamortized fair value debt adjustment	808
Total	$255,063

Mortgages_Payable_Details_Text

Mortgages Payable (Details Textual) (USD $)	3 Months Ended	12 Months Ended	1 Months Ended	0 Months Ended	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 21, 2014	Mar. 16, 2015	Mar. 26, 2015	Apr. 07, 2015
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount						$31.80
Book Value Of Real Estate Assets	352	288.4
Enders [Member] | Loans Payable [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount	17.4
Debt Instrument, Interest Rate, Stated Percentage	3.97%
Enders [Member] | Supplemental Loan [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount	8
Debt Instrument, Interest Rate, Stated Percentage	5.01%
Lansbrook [Member]
Line of Credit Facility [Line Items]
Secured Long-term Debt, Noncurrent	0.7		48
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			4.44%
Debt Instrument, Fee			240,000
Lansbrook [Member] | Initial Advance [Member]
Line of Credit Facility [Line Items]
Secured Long-term Debt, Noncurrent	42		42
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.45%
Lansbrook [Member] | Additional borrowing [Member]
Line of Credit Facility [Line Items]
Secured Long-term Debt, Noncurrent	6		6
Lansbrook [Member] | Additional Advance [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.31%
Secured Long-term Debt, Noncurrent	1
Debt Instrument, Description of Variable Rate Basis	one month LIBOR plus 3.00%
ARIUM Grande Lakes [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.84%
Debt Instrument, Description of Variable Rate Basis	Loan bears interest at a floating rate of 1.67% plus one month LIBOR
Park Kingston [Member]
Line of Credit Facility [Line Items]
Secured Long-term Debt, Noncurrent				15.25
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				3.21%
Percentage Of Unpaid Outstanding Principal Balance				1.00%
Fox Hills [Member]
Line of Credit Facility [Line Items]
Secured Long-term Debt, Noncurrent					$26.70
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate					3.57%
Percentage Of Unpaid Outstanding Principal Balance					1.00%

Line_of_Credit_Details_Textual

Line of Credit (Details Textual) (USD $)	Jan. 02, 2014
In Millions, unless otherwise specified
Line of Credit Facility [Line Items]
Line Of Credit, Current	$7.60

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details Textual) (USD $)	Mar. 31, 2015
In Millions, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage Payable At Carrying Value	$254.30
Mortgage Payable At Fair Value	$260.60

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Related Party Transaction [Line Items]
Total related-party amounts payable	$2,634	$1,643
Formar Advisor [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	1,180	1,180
Manager [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	1,454	463
Asset Management Fees [Member] | Formar Advisor [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	404	404
Acquisitions Fees [Member] | Formar Advisor [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	740	740
Financing Fees [Member] | Formar Advisor [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	36	36
Management Fee [Member] | Manager [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	519	310
Incentive fee [Member] | Manager [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	931	146
Others [Member] | Manager [Member]
Related Party Transaction [Line Items]
Total related-party amounts payable	$4	$7

Related_Party_Transactions_Det1

Related Party Transactions (Details Textual) (USD $)	1 Months Ended		3 Months Ended			12 Months Ended
	Feb. 18, 2015	Oct. 21, 2013	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jan. 02, 2014
Related Party Transaction [Line Items]
Line of credit outstanding								$7,600,000
Asset Management Fees, Description							asset management fee was one-twelfth of 0.65% of the higher of the cost or the value of each asset
Sales Price Percentage		1.50%
Selling Commission Percentage		50.00%
Percentage Exceed In Contract Sales Price		6.00%
Percentage Exceed Relates To Operating Expenses				2.00%			2.00%
Percentage Determined For Net Income				25.00%
Oversight Fee Percentage				1.00%
Related Party Transaction Acquisition Fee Percentage							2.50%
Base Management Fee Expense				500,000
Preferred Stock, Shares Issued				0	0	0
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)				$0.01	$0.01	$0.01
Preferred Stock, Dividend Rate, Percentage				8.00%
Due From Affiliates Excluding Former Advisor				500,000	600,000	600,000
Compensation Percent Of Stockholders Equity				0.25%
Management Agreement, Agreement Termination Minimum Stockholders Equity				250,000,000
Compensation Incentive Fee Product Percentage				20.00%
Compensation Incentive Fee Base Percentage				8.00%
Due to Affiliates Excluding Manager and Former Advisor				300,000	300,000	300,000
Incentive Fee Expense				900,000	150,000
Management Fee Expense				400,000		1,000,000
Common Stock Closing Share Price				$12.43
Property And Asset Management Fees				50,000
Long Term Incentive Plan Units Issued	10,896		69,900
Long Term Incentive Plan Units Granted						179,562
Share Price			$13.33
October 2014 Follow-On Offering [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party						200,000
Costs and Expenses, Related Party				25,000		25,000
Villas at Oak Crest [Member]
Related Party Transaction [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value				$300,000		$300,000
Advisory Agreement [Member]
Related Party Transaction [Line Items]
Sales Price Percentage		1.50%
Preferred Stock, Shares Issued				1,000
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)				$0.01
Common Class A [Member]
Related Party Transaction [Line Items]
Compensation Percent Of Stockholders Equity				1.50%
Minimum [Member]
Related Party Transaction [Line Items]
Percentage Of Financing Fees Receivable		0.25%
Maximum [Member]
Related Party Transaction [Line Items]
Percentage Of Financing Fees Receivable		1.00%

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss) from continuing operations attributable to common stockholders	$3,313		($1,111)
Dividends on restricted stock expected to vest	-2		-2
Basic net income (loss) from continuing operations attributable to common stockholders	3,311		-1,113
Basic net income from discontinued operations attributable to common stockholders	$0		$64
Weighted average common shares outstanding (in shares)	12,547,895	[1],[2]	1,060,889	[1],[2]
Potential dilutive shares (in shares)	0	[3]	0	[3]
Weighted average common shares outstanding and potential dilutive shares (in shares)	12,547,895	[2]	1,060,889	[2]
Basic loss from continuing operations per share	$0.26	[1]	($1.05)	[1]
Basic income (loss) from discontinued operations per share	$0	[1]	$0.06	[1]
Income (loss) per common share, basic	$0.26	[1]	($0.99)	[1]
Diluted loss from continuing operations per share	$0.26	[1]	($1.05)	[1]
Diluted income (loss) from discontinued operations per share	$0	[1]	$0.06	[1]
Income (loss) per common share, diluted	$0.26	[1]	($0.99)	[1]
[1]	Share and per share amounts have been restated to reflect the effects of two reverse stock splits of the Companybs Class B common stock, which occurred during the first quarter of 2014. See Note 1, "Organization and Nature of Business" and Note 11, "Stockholders' Equity" for further discussion.
[2]	For 2015, amounts relate to shares of the Companybs Class A, B-1, B-2, B-3 common stock and LTIP Units outstanding. For 2014, amounts relate to Class B-1, B-2 and B-3 common shares outstanding.
[3]	Excludes 3,956 and 6,468 shares of Class B common stock, for the three months ended March 31, 2015 and 2014, related to non-vested restricted stock, as the effect would be anti-dilutive. Also excludes 282,759 OP Units for the three months ended March 31, 2015 as the effect would be anti-dilutive.

Stockholders_Equity_Details_1

Stockholders' Equity (Details 1) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non Vested shares, Balance (in shares)	3,956	[1]
Non Vested shares, Granted (in shares)	15,000	[1]
Non Vested shares, Vested (in shares)	-2,502	[1]
Non Vested shares, Forfeited (in shares)	0	[1]
Non Vested shares, Balance (in shares)	16,454	[1]
Weighted average grant-date fair value, Balance (in dollars)	$90	[1]
Weighted average grant-date fair value, Granted (in dollars)	197	[1]
Weighted average grant-date fair value, Vested (in dollars)	-33	[1]
Weighted average grant-date fair value, Forfeited (in dollars)	0	[1]
Weighted average grant-date fair value, Balance (in dollars)	$254	[1]
[1]	The number of shares and per share amounts for the prior period have been retroactively restated to reflect the two reverse stock splits of the Class B common stock discussed above.

Stockholders_Equity_Details_2

Stockholders' Equity (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	$4,006
Distributions Paid	3,560
Common Class A [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	3,554
Distributions Paid	3,073
Common Class B-1 One [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	68
Distributions Paid	103
Common Class B-2 One [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	103
Distributions Paid	103
Common Class B-3 One [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	103
Distributions Paid	103
Operating Partnership Units [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	82
Distributions Paid	82
Long-term Incentive Plan Units [Member]
Distribution Made to Unit-holder Of Limited Partnership [Line Items]
Distributions Declared	96
Distributions Paid	$96

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

Oct. 08, 2014

Sep. 09, 2013

Aug. 05, 2013

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Jan. 09, 2015

Oct. 10, 2014

Apr. 10, 2015

Jan. 20, 2015

Mar. 23, 2015

Mar. 24, 2017

Mar. 24, 2016

Mar. 24, 2015

Mar. 24, 2018

Jan. 14, 2015

Class of Stock [Line Items]

Share- Based Compensation Restricted Stock Issued To Directors (in shares)

2,500

5,000

Restricted Stock Vested Percentage One

20.00%

Restricted Stock Vested Percentage Two

20.00%

Unrecognized Stock Based Compensation

$219,000

Proceeds From Issuance Of Common Stock

32,900,000

22,600,000

53,650,000

0

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

2 years 10 months 24 days

Bluerock Residential Growth REIT, Inc [Member]

Class of Stock [Line Items]

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

100.00%

OP And LTIP Unit holders [Member]

Class of Stock [Line Items]

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

4.48%

9.87%

OP Unit holders [Member]

Class of Stock [Line Items]

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

2.05%

4.59%

LTIP Unit holders [Member]

Class of Stock [Line Items]

Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest

2.43%

5.28%

Common Class A One [Member]

Class of Stock [Line Items]

Common Stock, Dividends, Per Share, Declared

$0.29

$0.29

Dividends Payable, Date of Record

25-Jan-15

25-Oct-14

Dividends Payable, Date to be Paid

5-Feb-15

5-Nov-14

Common Class A One [Member] | Monthly Dividends [Member]

Class of Stock [Line Items]

Common Stock, Dividends, Per Share, Declared

$0.10

$0.10

$0.29

Dividends Payable, Date of Record

25-Oct-14

25-Jan-15

Common Class A Two [Member]

Class of Stock [Line Items]

Common Stock, Dividends, Per Share, Declared

$0.10

$0.29

$0.29

Dividends Payable, Date of Record

25-Feb-15

25-Nov-14

Dividends Payable, Date to be Paid

5-Mar-15

5-Dec-14

Common Class A Two [Member] | Monthly Dividends [Member]

Class of Stock [Line Items]

Common Stock, Dividends, Per Share, Declared

$0.10

$0.10

Dividends Payable, Date of Record

25-Nov-14

25-Feb-15

Common Class B One [Member]

Class of Stock [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

3,956

6,468

Common Stock, Dividends, Per Share, Declared

$0.29

$0.29

Dividends Payable, Date of Record

25-Mar-15

25-Dec-14

Dividends Payable, Date to be Paid

5-Apr-15

5-Jan-15

Common Class B One [Member] | Monthly Dividends [Member]

Class of Stock [Line Items]

Common Stock, Dividends, Per Share, Declared

$0.10

$0.10

$0.29

Dividends Payable, Date of Record

25-Dec-14

25-Mar-15

Common Class A [Member]

Class of Stock [Line Items]

Proceeds From Issuance Of Common Stock

$53,700,000

Stockholders' Equity, Reverse Stock Split

Immediately following the filing of the Second Charter Amendment, we effectuated a 2.264881 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock, and on March 31, 2014, we effected an additional 1.0045878 to 1 reverse stock split of our outstanding shares of Class B-1 common stock, Class B-2 common stock and Class B-3 common stock.

Stock Issued During Period, Shares, New Issues

3,035,444

4,600,000

Common Stock, Par or Stated Value Per Share

$0.01

0.01

$0.01

$0.01

Sale of Stock, Price Per Share

$11.90

$12.50

$12.50

Class B-1 common stock [Member]

Class of Stock [Line Items]

Conversion of Stock, Shares Converted

353,630

2014 Restricted Stock Award | Common Class A [Member]

Class of Stock [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

2,500

Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award

833

833

834

2015 Restricted Stock Award | Common Class A [Member]

Class of Stock [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

2,500

Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award

833

834

833

2014 Individuals Plan

Class of Stock [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

2,500

Operating Partnership Units [Member]

Class of Stock [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

282,759

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	3 Months Ended	0 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Jan. 09, 2015	Oct. 10, 2014	Apr. 10, 2015
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Total Distribution	$2,672
Common Class A One [Member]
Subsequent Event [Line Items]
Dividends, Record Date		25-Jan-15	25-Oct-14
Dividends, Date paid		5-Feb-15	5-Nov-14
Common Class A One [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	9-Jan-15
Dividends, Record Date	25-Mar-15			25-Apr-15
Dividends, Date paid	5-Apr-15			5-May-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	1,208
Common Class B-2 One [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	9-Jan-15
Dividends, Record Date	25-Mar-15
Dividends, Date paid	5-Apr-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	34
Common Class B-3 One [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	9-Jan-15
Dividends, Record Date	25-Mar-15
Dividends, Date paid	5-Apr-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	34
Operating Partnership Units [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	9-Jan-15
Dividends, Record Date	25-Mar-15
Dividends, Date paid	5-Apr-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	27
Long-term Incentive Plan Units [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	9-Jan-15
Dividends, Record Date	25-Mar-15
Dividends, Date paid	5-Apr-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	33
Common Class A Two [Member]
Subsequent Event [Line Items]
Dividends, Record Date		25-Feb-15	25-Nov-14
Dividends, Date paid		5-Mar-15	5-Dec-14
Common Class A Two [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	10-Apr-15
Dividends, Record Date	25-Apr-15			25-May-15
Dividends, Date paid	5-May-15			5-Jun-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	1,208
Common Class B-2 Two [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	10-Apr-15
Dividends, Record Date	25-Apr-15
Dividends, Date paid	5-May-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	34
Common Class B-3 Two [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	10-Apr-15
Dividends, Record Date	25-Apr-15
Dividends, Date paid	5-May-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	34
Operating Partnership Units Two [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	10-Apr-15
Dividends, Record Date	25-Apr-15
Dividends, Date paid	5-May-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	27
Long-term Incentive Plan Units Two [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends, Declaration Date	10-Apr-15
Dividends, Record Date	25-Apr-15
Dividends, Date paid	5-May-15
Dividends, Distributions per Share (in dollars per share)	$0.10
Dividends, Total Distribution	$33

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (USD $)	0 Months Ended		3 Months Ended	0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jan. 09, 2015	Oct. 10, 2014	Mar. 31, 2015	Apr. 10, 2015	Apr. 07, 2015	12-May-15
Subsequent Event [Line Items]
Debt Instrument, Face Amount					31.8
Common Class A One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Jan-15	25-Oct-14
Common Stock, Dividends, Per Share, Declared	$0.29	$0.29
Dividends Payable, Date to be Paid	5-Feb-15	5-Nov-14
Common Class A Two [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Feb-15	25-Nov-14
Common Stock, Dividends, Per Share, Declared	$0.29	$0.29	$0.10
Dividends Payable, Date to be Paid	5-Mar-15	5-Dec-14
Common Class B One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Mar-15	25-Dec-14
Common Stock, Dividends, Per Share, Declared	$0.29	$0.29
Dividends Payable, Date to be Paid	5-Apr-15	5-Jan-15
Monthly Dividends [Member] | Common Class A One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Jan-15		25-Oct-14
Common Stock, Dividends, Per Share, Declared	$0.10		$0.10	$0.29
Monthly Dividends [Member] | Common Class A Two [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Feb-15		25-Nov-14
Common Stock, Dividends, Per Share, Declared	$0.10		$0.10
Monthly Dividends [Member] | Common Class B One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record	25-Mar-15		25-Dec-14
Common Stock, Dividends, Per Share, Declared	$0.10		$0.10	$0.29
Bank of America [Member]
Subsequent Event [Line Items]
Debt Instrument, Maturity Date, Description					loan matures on April 7, 2019, and contains a one-year extension option
Debt Instrument, Description of Variable Rate Basis					base rate plus 1.25% or LIBOR plus 2.25%
Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase Price To Be Funded By Assumption Of Existing Loan						44.8
Expected Principal Amount In Secured Debt						31.9
Expects To Invest Of Equity						13.7
Maximum Purchase Price In Purchase Agreement						$21.80
Subsequent Event [Member] | Common Class A One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record			25-Mar-15	25-Apr-15
Dividends Payable, Date to be Paid			5-Apr-15	5-May-15
Subsequent Event [Member] | Common Class A Two [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record			25-Apr-15	25-May-15
Dividends Payable, Date to be Paid			5-May-15	5-Jun-15
Subsequent Event [Member] | Common Class B One [Member]
Subsequent Event [Line Items]
Dividends Payable, Date of Record				25-Jun-15
Dividends Payable, Date to be Paid				5-Jul-15