Campus Crest Communities 10-K 1 Apr 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Mar. 26, 2015	Jun. 30, 2014
Document Information [Line Items]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Registrant Name	Campus Crest Communities, Inc.
Entity Central Index Key	1490983
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$563.10
Trading Symbol	CCG
Entity Common Stock, Shares Outstanding		64,659,415

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investment in real estate, net:
Student housing properties ($32,875 related to VIE)	$935,962	$716,285
Accumulated depreciation (($318) related to VIE)	-128,121	-102,356
Development in process	0	91,184
Land and properties held for sale	38,105	0
Land held for investment	7,413	0
Investment in real estate, net	853,359	705,113
Investment in unconsolidated entities	259,740	324,838
Cash and cash equivalents ($670 related to VIE)	15,240	32,054
Restricted cash	5,429	32,636
Student receivables, net of allowance for doubtful accounts of $459 and $539, respectively ($36, net of allowance of $9 related to VIE)	1,587	2,825
Cost and earnings in excess of construction billings	3,887	42,803
Other assets, net ($236 related to VIE)	37,569	42,410
Total assets	1,176,811	1,182,679
Liabilities:
Mortgage and construction loans ($21,170 related to VIE)	300,673	205,531
Line of credit and other debt	317,746	207,952
Accounts payable and accrued expenses ($534 related to VIE)	53,816	64,348
Construction billings in excess of cost and earnings	481	600
Other liabilities ($607 related to VIE)	22,092	11,167
Total liabilities	694,808	489,598
Commitments and contingencies
Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 8.00% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 6,100,000 shares issued and outstanding at December 31, 2014 and 2013	61	61
Common stock, $0.01 par value, 500,000,000 and 500,000,000 shares authorized, 64,742,713 and 64,502,430 shares issued and outstanding at December 31, 2014 and 2013, respectively	648	645
Additional common and preferred paid-in capital	773,998	773,896
Accumulated deficit and distributions	-298,818	-86,043
Accumulated other comprehensive loss	-2,616	-71
Total Campus Crest Communities, Inc. stockholders' equity	473,273	688,488
Noncontrolling interests	8,730	4,593
Total equity	482,003	693,081
Total liabilities and equity	$1,176,811	$1,182,679

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Allowance for doubtful accounts receivable (in dollars)	$459	$539
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred Stock Dividend Rate Percentage	8.00%	8.00%
Preferred stock, liquidation preference per share	$25	$25
Preferred stock, shares issued	6,100,000	6,100,000
Preferred stock, shares outstanding	6,100,000	6,100,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	64,742,713	64,502,430
Common stock, shares outstanding	64,742,713	64,502,430
Real Estate Investments, Other	935,962	716,285
Real Estate Investment Property, Accumulated Depreciation	128,121	102,356
Other Assets	37,569	42,410
Secured Debt	300,673	205,531
Accounts Payable and Accrued Liabilities, Total	53,816	64,348
Other Liabilities	22,092	11,167
Cash and Cash Equivalents, at Carrying Value, Total	15,240	32,054
Variable Interest Entity, Primary Beneficiary [Member]
Allowance for doubtful accounts receivable (in dollars)	9	9
Real Estate Investments, Other	32,875	32,875
Real Estate Investment Property, Accumulated Depreciation	318	318
Accounts Receivable, Net, Current	36	36
Other Assets	236	236
Secured Debt	21,170	21,170
Accounts Payable and Accrued Liabilities, Total	534	534
Other Liabilities	607	607
Cash and Cash Equivalents, at Carrying Value, Total	$670	$670

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Student housing rental	$101,724	$87,635	$71,211
Student housing services	3,768	3,615	2,880
Property management services	1,249	820	559
Total revenues	106,741	92,070	74,650
Operating expenses:
Student housing operations	47,154	40,726	33,013
General and administrative	14,303	10,658	8,821
Severance	6,159	0	0
Impairment of land and pre-development costs	31,927	0	0
Write-off of corporate other assets	15,110	0	0
Transaction costs	3,046	1,121	0
Ground leases	477	249	217
Depreciation and amortization	29,426	23,700	20,693
Total operating expenses	147,602	76,454	62,744
Equity in earnings (loss) of unconsolidated entities	-5,510	-3,727	361
Impairment of unconsolidated entities	-57,789	-312	0
Effect of not exercising Copper Beech purchase option	-33,375	0	0
Operating income (loss)	-137,535	11,577	12,267
Nonoperating income (expense):
Interest expense, net	-16,156	-12,969	-11,545
Other income	42	1,414	6,144
Total nonoperating expense, net	-16,114	-11,555	-5,401
Net income (loss) before income tax benefit (expense)	-153,649	22	6,866
Income tax benefit (expense)	-731	727	-356
Income (loss) from continuing operations	-154,380	749	6,510
Income (loss) from discontinued operations	-9,576	489	3,908
Net income (loss)	-163,956	1,238	10,418
Net income (loss) attributable to noncontrolling interests	-1,233	-34	46
Dividends on preferred stock	12,200	6,183	4,114
Net income (loss) attributable to common stockholders	-174,923	-4,911	6,258
Per share data - basic and diluted
Income (loss) from continuing operations attributable to common stockholders	($2.54)	($0.08)	$0.07
Income (loss) from discontinued operations attributable to common shareholders	($0.15)	$0	$0.11
Net income (loss) per share attributable to common stockholders	($2.69)	($0.08)	$0.18
Weighted-average common shares and OP units outstanding:
Basic	65,102	59,984	34,781
Diluted	65,102	60,418	35,217
Consolidated statements of comprehensive income (loss):
Net income (Loss)	-163,956	1,238	10,418
Foreign currency translation	-2,564	-71	0
Change in fair value of interest rate derivatives	0	59	332
Comprehensive income (loss)	-166,520	1,226	10,750
Net income (loss) attributable to noncontrolling interests	-1,233	-34	46
Change in fair value of interest rate derivatives attributable to noncontrolling interest	0	1	3
Foreign currency translation attributable to noncontrolling interest	-19	0	0
Dividends on preferred stock	12,200	6,183	4,114
Comprehensive income (loss) attributable to common stockholders	($177,468)	($4,924)	$6,587

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)	Total	Series A Cumulative Redeemable Preferred Stock [Member]	Common Stock [Member]	Additional Common and Preferred Paid-in Capital [Member]	Accumulated Deficit and Distributions [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Stockholder's Equity [Member]	Noncontrolling Interests [Member]
In Thousands
Balance at Dec. 31, 2011	$229,995	$0	$307	$248,599	($22,550)	($387)	$225,969	$4,026
Net proceeds of sale of preferred stock	54,893	23	0	54,870	0	0	54,893	0
Net proceeds of sale of common stock	72,162	0	75	72,087	0	0	72,162	0
Issuance of restricted stock	0	0	4	-4	0	0	0	0
Amortization of restricted stock awards and operating partnership units	2,252	0	0	1,628	0	0	1,628	624
Dividends on preferred stock	-4,114	0	0	0	-4,114	0	-4,114	0
Dividends on common stock	-22,275	0	0	0	-22,275	0	-22,275	0
Dividends to noncontrolling interests	-281	0	0	0	0	0	0	-281
Change in fair value of interest rate derivatives	332	0	0	0	0	329	329	3
Foreign currency translation	0
Net (loss) income	10,418	0	0	0	10,372	0	10,372	46
Balance at Dec. 31, 2012	343,382	23	386	377,180	-38,567	-58	338,964	4,418
Net proceeds of sale of preferred stock	91,282	38	0	91,244	0	0	91,282	0
Net proceeds of sale of common stock	299,719	0	255	299,464	0	0	299,719	0
Equity portion of issuance of convertible notes	3,207	0	0	3,207	0	0	3,207	0
Issuance of restricted stock	0	0	4	-4	0	0	0	0
Amortization of restricted stock awards and operating partnership units	3,300	0	0	2,805	0	0	2,805	495
Dividends on preferred stock	-6,183	0	0	0	-6,183	0	-6,183	0
Dividends on common stock	-42,565	0	0	0	-42,565	0	-42,565	0
Dividends to noncontrolling interests	-287	0	0	0	0	0	0	-287
Change in fair value of interest rate derivatives	59	0	0	0	0	58	58	1
Foreign currency translation	-71	0	0	0	0	-71	-71	0
Net (loss) income	1,238	0	0	0	1,272	0	1,272	-34
Balance at Dec. 31, 2013	693,081	61	645	773,896	-86,043	-71	688,488	4,593
Issuance of restricted stock	0	0	3	-3	0	0	0	0
Amortization of restricted stock awards and operating partnership units	5,744	0	0	5,744	0	0	5,744	0
Dividends on preferred stock	-12,200	0	0	0	-12,200	0	-12,200	0
Dividends on common stock	-37,852	0	0	0	-37,852	0	-37,852	0
Dividends to noncontrolling interests	-250	0	0	0	0	0	0	-250
Change in fair value of interest rate derivatives	0
Foreign currency translation	-2,564	0	0	0	0	-2,545	-2,545	-19
Non-controlling interest in Copper Beech at Ames	0	0	0	-5,639	0	0	-5,639	5,639
Net (loss) income	-163,956	0	0	0	-162,723	0	-162,723	-1,233
Balance at Dec. 31, 2014	$482,003	$61	$648	$773,998	($298,818)	($2,616)	$473,273	$8,730

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net (loss) income	($163,956)	$1,238	$10,418
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	29,426	23,700	20,693
Depreciation included in discontinued operations	0	2,672	3,144
Impairment of damaged assets	0	5,041	0
Impairment of land and pre-development costs	31,927	0	0
Write-off of corporate other assets	15,110	0	0
Amortization of deferred financing costs and debt discount	2,270	1,969	2,838
Gain on purchase of previously unconsolidated entities	0	0	-6,554
Loss on disposal of assets	138	350	154
Proceeds received for business interruption insurance	0	400	0
Provision for bad debts	3,249	3,432	1,728
Deferred income tax expense (benefit)	731	-927	0
Severance expense	6,159	0	0
Severance expense included in discontinued operations	2,959	0	0
Impairment of unconsolidated entities	57,789	0	0
Equity in (earnings) loss of unconsolidated entities	5,510	3,727	-361
Effect of not exercising Copper Beech purchase option	33,375	0	0
Distributions of earnings from unconsolidated entities	502	17	766
Share based compensation expense	1,729	3,300	1,194
Changes in operating assets and liabilities:
Restricted cash	505	-533	-736
Student receivables	-2,174	-4,067	-2,492
Construction billings	38,797	-19,175	-10,967
Accounts payable and accrued expenses	-3,470	4,984	12,248
Other	5,746	-11,740	-2,603
Net cash provided by operating activities	66,322	14,388	29,470
Investing activities:
Investments in development in process	-179,218	-126,242	-104,051
Insurance proceeds received for damaged assets	590	2,500	0
Investments in student housing properties	-9,277	-15,925	-7,116
Acquisition of student housing properties	0	-13,801	0
Investments in unconsolidated entities	-45,765	-348,831	-7,363
Acquisition of previously unconsolidated entities	-7,661	0	-15,352
Proceeds from the disposition of student housing properties	0	48,577	0
Issuance of notes receivable	0	-31,700	0
Repayment of notes receivable	0	31,700	0
Capital distributions from unconsolidated entities	7,455	7,286	3,355
Corporate capital expenditures	-6,126	-15,036	-1,855
Change in restricted cash	26,702	-28,201	-671
Net cash used in investing activities	-213,300	-489,673	-133,053
Financing activities:
Proceeds from mortgage and construction loans	80,656	47,924	97,220
Repayments of mortgage and construction loans	-2,353	-60,730	-93,096
Proceeds from line of credit and other debt	124,000	267,274	59,400
Repayments of line of credit and other debt	-15,435	-96,681	-66,077
Debt issuance costs	-735	-4,273	-1,219
Payment of offering costs	-817	-17,193	-6,018
Dividends paid to common stockholders	-42,665	-38,089	-21,028
Dividends paid to preferred stockholders	-12,200	-4,600	-3,156
Dividends paid to noncontrolling interest	-287	-287	-281
Proceeds from sale of common stock	0	312,742	75,573
Proceeds from sale of preferred stock	0	95,282	57,500
Net cash provided by financing activities	130,164	501,369	98,818
Net change in cash and cash equivalents	-16,814	26,084	-4,765
Cash and cash equivalents at beginning of period	32,054	5,970	10,735
Cash and cash equivalents at end of period	15,240	32,054	5,970
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest of $6.3 million, $3.3 million and $2.4 million	6,959	7,794	6,235
Cash paid for income taxes	163	173	571
Non-cash investing and financing activity:
Other debt assumed by investment in unconsolidated entity	0	34,774	0
Contribution of land to investment in unconsolidated entities	0	16,900	3,347
Common and preferred stock dividends declared but not paid	8,916	13,765	7,197
Assumption of mortgage debt related to purchase of previously unconsolidated entities	16,901	0	27,299
Insurance proceeds receivable related to damaged assets	5,529	1,029	0
Accounts payable related to capital expenditures	6,930	25,107	10,588
Conversion of costs and earnings in excess of construction billings to investment in unconsolidated entities	0	0	898
Equipment acquired under capital lease obligations	568	0	0
Share-based compensation capitalized to development in process	1,307	900	600
The Company acquired the remaining ownership in HSRE IV for approximately $7.7 million in conjunction with the acquisition liabilities assumed were as follows:
Fair value of assets acquired	26,854	0	0
Cash paid for 80% interest	-7,661	0	0
Fair value of Company's 20% interest owned prior to the acquisition	-1,915	0	0
Liabilities assumed	$17,278	$0	$0

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	1 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Interest Costs Capitalized		$6.30	$3.30	$2.40
Payments to Acquire Businesses, Gross	$7.70	$7.70
Cash Paid For Interest		80.00%
Fair Value Of Interest Owned Percentage Prior To Acquisition		20.00%

Organization_and_Description_o

Organization and Description of Business	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1.     Organization and Description of Business
	Campus Crest Communities, Inc., together with its subsidiaries, referred to herein as the “Company” and “Campus Crest,” is a self-managed and self-administered real estate investment trust (“REIT”) focused on owning and managing a high-quality student housing portfolio located close to college campuses. The Company currently owns the sole general partner interest and owns limited partner interests in Campus Crest Communities Operating Partnership, LP (the “Operating Partnership”). The Company holds substantially all of its assets and conducts substantially all of its business, through the Operating Partnership.
	Campus Crest has made an election to qualify, and the Company believes it is operating so as to qualify, as a REIT under Sections 856 through 859 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). As a REIT, the Company generally will not be subject to U.S. federal income tax to the extent that the Company meets the organizational and operational requirements and its distributions equal or exceed 90.0% of REIT taxable income. For all periods subsequent to the REIT election, the Company has met the organizational and operational requirements and distributions have exceeded net taxable income.
	The Company has made an election to treat Campus Crest TRS Holdings, Inc. (“TRS Holdings”), its wholly-owned subsidiary, as a taxable REIT subsidiary (“TRS”). TRS Holdings holds the development, construction and management companies (see Note 4 regarding the discontinuation of operations of the development and construction services companies) that provide services to entities in which the Company does not own 100% of the equity interests. As a TRS, the operations of TRS Holdings and its subsidiaries are generally subject to federal, state and local income and franchise taxes.
	As of December 31, 2014, the Company had ownership interests in 47 operating student housing Grove properties containing approximately 9,700 apartment units and 26,300 beds. Thirty-six of the Company’s operating Grove properties are wholly-owned and eleven of the Company’s operating Grove properties are owned through joint ventures with Harrison Street Real Estate Capital ("HSRE"). Additionally, the Company holds ownership interests in three evo® properties as joint ventures containing approximately 1,500 units and 3,000 beds, one with HSRE and Brandywine Realty Trust (“Brandywine”), and two with Beaumont Partners SA (“Beaumont”). As of December 31, 2014, the Company also owned interests in 36 (35 unconsolidated and one consolidated (Copper Beech at Ames)) operating student housing Copper Beech properties (“CB Portfolio”), containing approximately 6,500 units and 17,300 beds, and one wholly-owned redevelopment property containing approximately 170 units and 340 beds. The Company’s portfolio consists of the following:
			Properties in
			Operation
	Wholly owned Grove properties			36
	Joint Venture Grove properties			11
	Total Grove Properties			47
	Joint Venture evo properties			3
	CB Portfolio			36
	Total Portfolio(1)			86
	______________
		-1	The Company’s 100% owned redevelopment property in Toledo, Ohio, which was acquired in March 2013 is excluded. As of December 31, 2014, this property was classified as an asset held for sale.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2.    Summary of Significant Accounting Policies
	Basis of Presentation
	The accompanying consolidated financial statements, presented in U.S. dollars, have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and represent the Company’s financial position, results of operations and cash flows. Third-party equity interests in the Operating Partnership and a consolidated variable interest entity, Copper Beech at Ames, LLC, are reflected as non-controlling interests in the consolidated financial statements. The Company also has interests in unconsolidated real estate ventures which have ownership in several property owning entities that are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation, primarily related to discontinued operations associated with the asset dispositions discussed in Note 7.
	Reclassifications
	During the year ended December 31, 2014, the Company reclassified its development and construction services companies as discontinued operations due to its strategic repositioning initiatives (see Note 4). Accordingly, the Company has reclassified the results of these operations to “Income (loss) from discontinued operations” in the consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012. The development and construction services companies were included within the development, construction and management services segment in the Company’s prior year consolidated financial statements.
	In December 2013, the Company sold four wholly-owned properties: The Grove at Jacksonville, Alabama, The Grove at Jonesboro, Arkansas, The Grove at Wichita, Kansas, and The Grove at Wichita Falls, Texas. These four properties were included within the student housing operations segment in the prior year consolidated financial statements. Prior period amounts related to the December 2013 asset dispositions have also been reclassified as discontinued operations in the Company’s consolidated statement of operations and comprehensive income (loss).
	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant assumptions and estimates are used by management in recognizing construction and development revenue (which is included in income (loss) from discontinued operations) under the percentage of completion method, useful lives of student housing properties, valuation of investment in real estate and investments in unconsolidated entities and land and property held for sale, initial valuation and underlying allocation of purchase price to newly acquired student housing properties, valuation allowance on deferred tax assets, determination of fair value for impairment assessments, determination of the effect of not exercising the Copper Beech option, fair value of guarantee obligations related to unconsolidated entities, allowance for doubtful accounts, insurance proceeds receivable from damaged assets, fair value of the debt and equity components of the exchangeable notes at the date of issuances and the fair value of financial assets and liabilities, including derivatives. Actual results may differ from previously estimated amounts and such differences may be material to the consolidated financial statements. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected prospectively in the periods in which they occur.
	Investment in Real Estate and Depreciation
	Investment in real estate is recorded at historical cost. Major improvements that extend the life of an asset are capitalized and depreciated over a period equal to the shorter of the life of the improvement or the remaining useful life of the asset. The cost of ordinary repairs and maintenance are charged to expense when incurred. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets as follows:
	Land improvements	15 years
	Buildings and leasehold improvements	10-40 years
	Furniture, fixtures and equipment	5-10 years
	The cost of buildings and improvements includes all pre-development, entitlement and project costs directly associated with the development and construction of a real estate project, which include interest, property taxes and the amortization of deferred financing costs recognized while the project is under construction, as well as certain internal costs related to the development and construction of the Company’s student housing properties. All costs are capitalized as development in process until the asset is ready for its intended use, which is typically at the completion of the project. Interest totaling approximately $6.3 million, $3.3 million, and $2.4 million was capitalized during the years ended December 31, 2014, 2013, and 2012 respectively.
	The Company capitalizes costs during the development of assets beginning with the determination that development of a future asset is probable until the asset, or a portion of the asset, is delivered and is ready for its intended use. During development efforts, the Company capitalizes all direct costs and indirect costs that have been incurred as a result of the development. These costs include interest and related loan fees, property taxes as well as other direct and indirect costs. The Company capitalizes interest costs for debt incurred for project specific financing and for capital contributions to equity method investees who utilize such funds for construction-related activities. Indirect project costs, which include personnel, office and administrative costs that are clearly associated with the Company’s development and redevelopment efforts, are capitalized. Indirect costs not clearly related to the acquisition, development, redevelopment and construction activity, including general and administrative expenses, are expensed in the period incurred. Capitalized indirect costs associated with the Company’s development activities were $10.8 million, $9.0 million, and $7.4 million for the years ended December 31, 2014, 2013, and 2012, respectively. All such costs are capitalized as development in process until the asset is delivered and ready for its intended use, which is typically at the completion of the project. Upon completion, costs are transferred into the applicable asset category and depreciation commences.
	Pre-development costs are capitalized when they are directly identifiable with the specific property and would be capitalized if the property were already acquired and acquisition of the property or an option to acquire the property is probable. Capitalized pre-development costs are expensed when management believes it is no longer probable that a contract will be executed and/or construction will commence. Because the Company frequently incurs these pre-development expenditures before a financing commitment and/or required permits and authorizations have been obtained, the Company will bear the risk of loss of these pre-development expenditures if financing cannot ultimately be arranged on acceptable terms or the Company is unable to successfully obtain the required permits and authorizations. As such, management evaluates the status of projects where the Company has not yet acquired the target property or where the Company has not yet commenced construction on a periodic basis and write-off any pre-development costs related to projects whose current status indicates the acquisition or commencement of construction is not probable. In 2013 and 2012, such write-offs are included within income (loss) from discontinued operations in the accompanying consolidated statements of operations and comprehensive income (loss). In 2014, such write-offs were included within impairment of land and pre-development costs in the accompanying consolidated statements of operations and comprehensive income. As of December 31, 2014, the Company had no capitalized pre-development costs related to development projects for which construction had not commenced and as of December 31, 2013, the Company deferred approximately $10.5 million in pre-development costs related to development projects for which construction had not commenced (see Note 4). As of December 31, 2014, the Company owned four strategically held land parcels that could be used for the development of four phase two properties with an aggregate bed count ranging from approximately 1,000 to 1,500 (unaudited), and twelve additional land parcels, six of which were sold in January 2015, with the remaining parcels expected to be sold during 2015. The costs associated with the four strategically held land parcels are included in land held for investment on the accompanying consolidated balance sheets. The costs associated with the parcels in which the Company intends to divest are included in land held for sale in the accompanying consolidated balance sheets.
	Management assesses whether there has been impairment in the value of the Company’s investment in real estate whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of investment in real estate is measured by a comparison of the carrying amount of a student housing property to the estimated future undiscounted cash flows expected to be generated by the property over the expected hold period. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of the property. The estimation of future undiscounted cash flows is inherently uncertain and relies on assumptions regarding current and future economic and market conditions. If such conditions change, then an adjustment reducing the carrying value of the Company’s long-lived assets could occur in the future period in which conditions change. To the extent that a property is impaired, the excess of the carrying amount of the property over its estimated fair value is recorded as an impairment charge. Fair value is determined based upon the discounted cash flows of the property, quoted market prices or independent appraisals, as considered necessary.
	Property Acquisitions
	Campus Crest allocates the purchase price of acquired properties to tangible and identified intangible assets and liabilities based on the fair values of these assets and liabilities for both consolidated entities and investments in unconsolidated entities. Fair value estimates are based on information obtained from independent appraisals, market data, information obtained during due diligence and information related to the marketing and leasing at the specific property. The value of in-place leases is based on the difference between (i) the property valued with existing in-place leases adjusted to market rental rates and (ii) the property valued “as-if” vacant. As lease terms are typically one year or less, rates on in-place leases generally approximate market rental rates. Factors considered in the valuation of in-place leases include an estimate of the carrying costs during the expected lease-up period considering current market conditions, nature of the tenancy and costs to execute similar leases. Carrying costs include estimates of lost rentals at market rates during the expected lease-up period, net of variable operating expenses. The value of in-place leases is amortized on a straight-line basis over the remaining initial term of the respective leases, generally less than one year. The purchase price of property acquisitions is not expected to be allocated to tenant relationships, considering the terms of the leases and the expected levels of renewals.
	Additionally, mortgage debt premiums and discounts represent fair value adjustments for the difference between the stated rates and market rates of mortgage debt assumed in connection with the Company’s acquisitions. The mortgage debt premiums and discounts are amortized to interest expense of the respective investee over the term of the related mortgage loans using the effective-interest method. The fair value debt and purchase accounting adjustments included in equity in earnings (loss) related to Copper Beech were approximately $6.5 million and $3.6 million for the years ended December 31, 2014 and 2013, respectively. Acquisition-related costs such as due diligence, legal, accounting and advisory fees are either expensed as incurred for acquisitions that are consolidated or capitalized for acquisitions accounted for under the equity method of accounting.
	Long-Lived Assets – Held for Sale
	Long-lived assets to be disposed of are classified as held for sale in the period in which all of the following criteria are met:
		a.	Management, having the authority to approve the action, commits to a plan to sell the assets.
		b.	The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.
		c.	An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.
		d.	The sale of the asset is probable, and transfer of asset is expected to qualify for recognition as a completed sale, within one year.
		e.	The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.
		f.	Actions required to complete the plan indicate that it is unlikely that significant changes to the plans will be made or that the plan will be withdrawn.
	Concurrent with this classification, the land and property held for sale is recorded at the lower of cost or fair value less estimated selling costs, and depreciation ceases. As discussed in more detail in Note 4, the Company reduced the carrying amount of land and properties held for sale to their estimated fair value less estimated selling costs which resulted in an impairment charge.
	Ground Leases
	Ground lease expense is recognized on a straight-line basis over the term of the related lease.
	In-Place Lease Intangible Assets
	In-place lease intangible assets are amortized on a straight-line basis over the average remaining term of the underlying leases, typically one year or less. Amortization expense was approximately $1.5 million, $0.7 million and $1.1 million for the years ended December 31, 2014, 2013 and 2012, respectively. The amortization of intangible assets is included in depreciation and amortization expense in the accompanying consolidated statements of operations and comprehensive income (loss).
	Cash, Cash Equivalents, and Restricted Cash
	Campus Crest considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Restricted cash is excluded from cash for the purpose of preparing the consolidated statements of cash flows. The Company maintains cash balances in various banks. At times the Company’s balances may exceed the amount insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company does not believe this presents significant exposure for the business.
	Restricted cash includes escrow accounts held by lenders for the purpose of paying taxes, insurance and funding capital improvements. The Company’s funds in escrow are typically held in interest bearing accounts covered under FDIC insurance with applicable limits. At December 31, 2013, we held approximately $28.2 million with a qualified intermediary to facilitate a tax deferred Section 1031 like-kind exchange in conjunction with the disposition of four properties (see Note 7). Our funds in escrow are typically held in interest bearing accounts covered under FDIC insurance with applicable limits.
	Deferred Financing Costs
	Campus Crest defers costs incurred in obtaining financing and amortizes these costs using the straight-line method, which approximates the effective interest method, over the expected terms of the related loans. Deferred financing costs as of December 31, 2014 and 2013 were approximately $11.7 million and $11.0 million, respectively, and accumulated amortization was approximately $4.8 million and $2.6 million, respectively. Upon repayment of the underlying debt agreement, any unamortized costs are charged to earnings. Deferred financing costs, net of accumulated amortization, are included in other assets, net in the accompanying consolidated balance sheets.
	Noncontrolling Interests
	Noncontrolling interests represent the portion of equity in the Company’s consolidated subsidiaries which are not attributable to the Company’s stockholders. Accordingly, noncontrolling interests are reported as a component of equity, separate from stockholders’ equity, in the accompanying consolidated balance sheets. On the consolidated statements of operations and comprehensive income (loss), operating results are reported at their consolidated amounts, including both the amount attributable to the Company and to noncontrolling interests. See also “Consolidated Variable Interest Entity.”
	Real Estate Ventures
	Campus Crest holds interests in its properties, both under development and in operation, through interests in both consolidated and unconsolidated real estate ventures. The Company assesses its investments in real estate ventures to determine if a venture is a variable interest entity (“VIE”). Generally, an entity is determined to be a VIE when either (1) the equity investors (if any) lack one or more of the essential characteristics of a controlling financial interest, (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support or (3) the equity investors have voting rights that are not proportionate to their economic interests and substantially all of the activities of the entity involve or are conducted on behalf of an investor that has disproportionately fewer voting rights. The Company consolidates entities that are VIEs for which the Company is determined to be the primary beneficiary. In instances where the Company is not the primary beneficiary, the Company does not consolidate the entity for financial reporting purposes. The primary beneficiary is the entity that has both (1) the power to direct the activities that most significantly impact the VIE’s economic performance and (2) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Entities that are not defined as VIEs are consolidated where the Company is the general partner (or the equivalent) and the limited partners (or the equivalent) in such investments do not have rights which would preclude control.
	For entities where the Company is the general partner (or the equivalent), but do not control the real estate venture, and the other partners (or the equivalent) hold substantive participating rights, the Company uses the equity method of accounting. For entities where the Company is a limited partner (or the equivalent), management considers factors such as ownership interest, voting control, authority to make decisions and contractual and substantive participating rights of the partners (or the equivalent) to determine if the presumption that the general partner controls the entity is overcome. In instances where these factors indicate the Company controls the entity, the Company would consolidate the entity; otherwise the Company accounts for its investments using the equity method of accounting.
	Under the equity method of accounting, investments are initially recognized in the consolidated balance sheet at cost and are subsequently adjusted to reflect the Company’s proportionate share of net earnings or losses of the entity, distributions received, contributions and certain other adjustments, as appropriate. Any difference between the carrying amount of these investments on the Company’s balance sheet and the underlying equity in net assets is amortized as an adjustment to equity in earnings (loss) of unconsolidated entities. When circumstances indicate there may have been a loss in value of an equity method investment, and the Company determines the loss in value is other than temporary, the Company recognizes an impairment charge to reflect the investment at fair value (see Note 4).
	Segments
	The Company has identified two reportable business segments: (i) student housing operations and (ii) property management services. The Company evaluates the performance of its operating segments based on operating income (loss). All inter-segment sales pricing is based on current market conditions. Unallocated corporate amounts include general expenses associated with managing the Company’s two reportable operating segments. Prior to the third quarter of 2014, the Company’s segments consisted of student housing operations and construction, development and management services. Upon discontinuation of the construction and development operations of the business, the Company identified its two segments as student housing operations and property management services. All construction and development activities are reported in discontinued operations at December 31, 2014.
	Student Housing Revenue
	Students are required to execute lease contracts with payment schedules that vary from annual to monthly payments. The Company recognizes revenue on a straight-line basis over the term of the lease contracts which for new tenants is typically 11.5 months and for renewing tenants is typically 12 months. Generally, unless sufficient income can be verified, each executed contract is required to be accompanied by a signed parental/guardian guaranty. Amounts received in advance of the occupancy period or prior to the contractual due date are recorded as deferred revenues and included in other liabilities on the accompanying consolidated balance sheets.
	Property Management Services
	Management fees are recognized when earned in accordance with each management contract. Incentive management fees are recognized when the incentive criteria are met.
	Development and Construction Services
	Development and construction service revenue is recognized using the percentage of completion method, as determined by construction costs incurred relative to total estimated construction costs for each property under development and construction. For the purpose of applying this method, significant estimates are necessary to determine the percentage of completion as of the balance sheet date. This method is used because management considers total cost to be the best measure of progress toward completion of the contract. Any changes in significant judgments and/or estimates used in determining construction and development revenue could significantly change the timing or amount of construction and development revenue recognized.
	Development and construction service revenue is recognized for contracts with entities the Company does not consolidate. For projects where revenue is based on a fixed price, any cost overruns incurred during construction, as compared to the original budget, will reduce the net profit ultimately recognized on those projects. Profit derived from these projects is eliminated to the extent of the Company’s interest in the unconsolidated entity. Any incentive fees, net of the impact of the Company’s ownership interest if the entity is unconsolidated, are recognized when the project is complete and performance has been agreed upon by all parties, or when performance has been verified by an independent third party. When total development or construction costs at completion exceed the fixed price set forth within the related contract, such cost overruns are recorded as additional investment in the unconsolidated entity. Entitlement fees and arrangement fees, where applicable, are recognized when earned based on the terms of the related contracts.
	Costs and estimated earnings in excess of billings represents the excess of construction costs and profits recognized to date using the percentage of completion method over billings to date on certain contracts. Billings in excess of costs and estimated earnings represents the excess of billings to date over the amount of contract costs and profits recognized to date using the percentage of completion method on certain contracts. Total billings to date on such contracts totaled $49.3 million and $51.3 million as of December 31, 2014 and 2013, respectively. The Company expects to bill and collect the cost and estimated earnings in excess of billings in 2015.
	Allowance for Doubtful Accounts
	Allowances for student receivables are maintained to reduce the Company’s receivables to the amount that management estimates to be collectible, which approximates fair value. The allowance is estimated based on past due balances not received on contractual terms, as well as historical collections experience and current economic and business conditions. When management has determined that receivables are uncollectible, they are written off against the allowance for doubtful accounts. Recoveries of accounts previously written off are recorded when received.
	The allowance for doubtful accounts is summarized as follows (in thousands):
			Year Ended December 31,
			2014		2013		2012
	Balance at beginning of period		$	539	$	121	$	246
	Charged to expense			3,249		3,432		1,728
	Write-offs			-3,329		-2,433		-1,853
	Sale of properties			-		-581		-
	Balance at end of period		$	459	$	539	$	121
Marketing and Advertising Costs
Marketing and advertising costs are expensed during the period incurred and included in student housing and general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). Marketing and advertising expenses were $1.5 million, $1.5 million, and $1.3 million for the years ended December 31, 2014, 2013, and 2012, respectively.
Derivative Instruments and Hedging Activities
Campus Crest enters into interest rate cap and interest rate swap agreements to manage floating interest rate exposure with respect to amounts borrowed, or forecasted to be borrowed, under credit facilities. These contracts effectively exchange existing or forecasted obligations to pay interest based on floating rates for obligations to pay interest based on fixed rates. The Company had no interest rate swaps as of December 31, 2014.
All derivative instruments are recognized as either assets or liabilities on the consolidated balance sheets at their respective fair values. Changes in fair value are recognized either in earnings or as other comprehensive income (loss), depending on whether the derivative has been designated as a cash flow hedge and whether it qualifies as part of a hedging relationship, the nature of the exposure being hedged and how effective the derivative is at offsetting movements in underlying exposure. The Company discontinues hedge accounting when: (i) it determines that the derivative is no longer effective in offsetting changes in the cash flows of a hedged item; (ii) the derivative expires or is sold, terminated or exercised; (iii) it is no longer probable that the forecasted transaction will occur; or (iv) management determines that designating the derivative as a hedging instrument is no longer appropriate. In situations in which hedge accounting is not initially designated, or is discontinued and a derivative remains outstanding, gains and losses related to changes in the fair value of the derivative instrument are recorded in current period earnings as a component of other income (expense) line item on the accompanying consolidated statements of operations and comprehensive income (loss). As of December 31, 2014 and 2013, the fair value of derivative contracts was insignificant.
Commitments and Contingencies
Liabilities for loss contingencies, arising from claims, assessments, litigation, fines, penalties and other sources, are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Income Taxes
The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT under Sections 856 through 859 of the Internal Revenue Code. The Company’s qualification as a REIT depends upon its ability to meet on a continuing basis, through actual investment and operating results, various complex requirements under the Internal Revenue Code relating to, among other things, the sources of the Company’s gross income, the composition and values of the Company’s assets, the Company’s distribution levels and the diversity of ownership of its stock. The Company believes that it is organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code and that the Company’s intended manner of operation will enable it to meet the requirements for qualification and taxation as a REIT.
As a REIT, the Company generally will not be subject to U.S. federal and state income tax on taxable income that it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal income tax at regular corporate rates and generally will be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Accordingly, the Company’s failure to qualify as a REIT could materially and adversely affect the Company, including its ability to make distributions to its stockholders in the future.
Campus Crest has made the election to treat TRS Holdings, the Company’s subsidiary which holds the Company’s management companies (as well as the development and construction companies included within discontinued operations) that provide services to entities in which the Company does not own 100% of the equity interests, as a TRS. As a TRS, the operations of TRS Holdings and its subsidiaries are generally subject to federal, state and local income and franchise taxes. The Company’s TRS accounts for its income taxes in accordance with U.S. GAAP, which includes an estimate of the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. Deferred tax assets and liabilities of the TRS entities are recognized based on the difference between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates in effect in the years in which those temporary differences are expected to reverse.
Campus Crest follows a two-step approach for evaluating uncertain tax positions. Recognition (step one) occurs when the Company concludes that a tax position, based solely on its technical merits, is more-likely-than-not (a likelihood of more than 50 percent) to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines a tax position no longer met the more-likely-than-not threshold of being sustained. The use of a valuation allowance as a substitute for de-recognition of tax positions is prohibited.
Comprehensive Income (Loss)
Comprehensive income (loss) includes net income (loss) and other comprehensive income (loss), which consists of unrealized gains (losses) on derivative instruments and foreign currency translation adjustments. Comprehensive income (loss) is presented in the accompanying consolidated statements of operations and comprehensive income (loss), and accumulated other comprehensive income (loss) is displayed as a separate component of stockholders’ equity.
Common Stock Issuances and Costs
Specific incremental costs directly attributable to the Company’s equity offerings are deferred and charged against the gross proceeds of the offering. As such, underwriting commissions and other common stock issuance costs are reflected as a reduction of additional paid in capital. See Note 13 for an expanded discussion on common stock issuances and costs.
Stock-Based Compensation
The Company grants restricted stock and restricted Operating Partnership ("OP Unit”) awards that typically vest over either a three or five year period. A restricted stock or OP Unit award is an award of shares of the Company’s common stock or OP Units that are subject to restrictions on transferability and other restrictions determined by the Company’s compensation committee at the date of grant. A grant date generally is established for a restricted stock award or restricted OP Unit award upon approval from the Company’s compensation committee and Board of Directors. The restrictions may lapse over a specified period of employment or the satisfaction of pre-established criteria as the Company’s compensation committee may determine. Except to the extent restricted under the award agreement, a participant awarded restricted stock or OP Units has all the rights of a stockholder or OP Unit holder as to these shares or units, including the right to vote and the right to receive dividends or distributions on the shares or units. The fair value of the award generally is determined based on the market value of the Company’s common stock on the grant date and is recognized on a straight-line basis over the applicable vesting period for the entire award with cost recognized at the end of any period being at least equal to the shares that were then vested.
Foreign Currency
Transactions denominated in foreign currencies are recorded in local currency at actual exchange rates at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet dates are reported at the rates of exchange prevailing at those dates. Any gains or losses arising on monetary assets and liabilities from a change in exchange rates subsequent to the date of the transaction have been included in discontinued operations, if resulting from operations within the Company’s development or construction service company, or other income (expense) in the accompanying consolidated statements of operations and comprehensive income (loss). As of December 31, 2014 and 2013, the Company had foreign currency exposure to the Canadian dollar. The aggregate transaction gains and losses included in the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2014 and 2013 were not significant.
The financial statements of certain equity method investees and certain foreign subsidiaries are translated from their respective functional currencies into U.S. dollars using current and historical exchange rates. Translation adjustments resulting from this process are reported separately and included as a component of accumulated other comprehensive income (loss) in stockholders' equity in the accompanying consolidated balance sheets. Upon classification as held for sale, sale or liquidation of the Company’s investments, the translation adjustment would be reported as part of the gain or loss on classification, sale or liquidation. During the years ended December 31, 2014 and 2013, the Company recognized a foreign currency translation loss of approximately $2.6 million and $0.1 million, respectively, related to its investment in CSH Montreal, LP ("CSH Montreal”). Foreign currency translation loss is included in accumulated other comprehensive loss on the accompanying consolidated balance sheets and in comprehensive income (loss) in the accompanying consolidated statements of operations and comprehensive income (loss).
Insurance Recoveries
Insurance recoveries are amounts due or received under the Company’s applicable insurance policies for asset damage and business interruption relating to the previously disclosed fire at The Grove at Pullman, Washington and to the damage at The Grove at Wichita Kansas, and The Grove at Wichita Falls, Texas. Business interruption recovery is recorded when realized and included as a reduction within student housing operations expenses within the consolidated statements of operations and comprehensive income (loss). For the year ended December 31, 2014 and 2013, the Company recognized approximately $1.2 million and $1.4 million, respectively of business interruption recovery. As of December 31, 2014 and 2013, the Company had a receivable for property damage of $5.5 million and $1.0 million, respectively.
Consolidated Variable Interest Entity
During the year ended December 31, 2013, the Company entered into a variable interest entity ("VIE") with Copper Beech Townhome Communities, LLC ("CBTC") to develop, construct and manage a student housing property in Ames, Iowa (“Copper Beech at Ames”). The Company concluded that it is the primary beneficiary of Copper Beech at Ames as the Company funded all of the equity of this entity, resulting in the Copper Beech investor’s interest being deemed a de facto agent of Campus Crest. Therefore, the Company has consolidated the financial position and the results of operations of Copper Beech at Ames in the accompanying balance sheet, consolidated statements of operations and comprehensive income (loss). The Company recorded $1.3 million and $0.5 million in revenues and expenses, respectively, related to the VIE for the year ended December 31, 2014. The Company recorded $33.5 million in assets, $22.3 million in liabilities, and $5.6 million of noncontrolling interests on the accompanying consolidated balance sheet as of December 31, 2014. The creditors of the loan for Copper Beech at Ames do not have recourse to the assets of Campus Crest, nor is the Company required to provide financial support to Copper Beech at Ames. On January 30, 2015, in connection with the Copper Beech purchase transaction (see Note 19), the Company’s ownership interest in Copper Beech at Ames increased to a 100% interest.
Immaterial Correction
During the year ended December 31, 2014, the Company was made aware of a tax liability at one of its properties that extends back to the year ended December 31, 2009.  The total impact of the tax liability is approximately $2.3 million, of which $0.4 million relates to 2014. The Company has adjusted the prior year consolidated financial statements presented herein to reflect the impact of this liability. For both the years ended December 31, 2013 and 2012, student housing operations expense on the consolidated statements of operations and comprehensive income (loss) has been increased by approximately $0.4 million, and accumulated deficit and distributions on the accompanying consolidated statement of changes in equity as of December 31, 2011 has been increased by $1.1 million.  In addition, accrued accounts payable on the consolidated balance sheet as of December 31, 2013 was increased by $1.9 million. No changes in net cash provided by operating activities in the accompanying consolidated statement of cash flows resulted from the immaterial correction to prior periods.
Recent Accounting Pronouncements
In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 810)", which amends the consolidation requirements in ASC 810, “Consolidation”. ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (i) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities, (ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidated analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships and (iv) provide a scope exception for certain entities. ASU 2015-02 is effective for annual reporting periods beginning after December 15, 2015, and interim periods within those fiscal years. The Company is currently evaluating the provisions of this guidance and the impact is not known.
In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" ("ASU 2014-08"). ASU 2014-08 changes the threshold for disclosing discontinued operations and the related disclosure requirements. Pursuant to ASU 2014-08, only disposals representing a strategic shift, such as a major line of business, a major geographical area or a major equity investment, should be presented as a discontinued operation. The guidance is to be applied prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted. The Company adopted ASU 2014-08 as of January 1, 2014.
In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This ASU 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. This ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

Student_Housing_Properties

Student Housing Properties	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	3.    Student Housing Properties
	The following is a summary of the Company’s student housing properties, net for the periods presented (in thousands):
		December 31,
		2014		2013
	Land	$	76,043	$	58,439
	Buildings and improvements		781,739		597,141
	Furniture, fixtures and equipment		78,180		60,705
			935,962		716,285
	Less: accumulated depreciation		-128,121		-102,356
		$	807,841	$	613,929
	Included in depreciation expense in the statements of operations and comprehensive income (loss) is $1.5 million, $0.7 million and $1.1 million of amortization expense for in-place leases in 2014, 2013 and 2012, respectively.
	In August 2014, the Company began operations at The Grove at Slippery Rock, Pennsylvania, The Grove at Grand Forks, North Dakota, The Grove at Mt. Pleasant, Michigan, The Grove at Gainesville, Florida, and Copper Beech at Ames, Iowa.
	In January 2014, the Company acquired the remaining 80% ownership interests in HSRE IV, which owns The Grove at Denton, Texas, thereby increasing its student housing properties (see Note 6).
	In July 2013, the Company experienced a fire at The Grove at Pullman, Washington, a property under construction, which resulted in a partial loss of the property. Management has estimated the loss to be approximately $7.5 million, of which we have received $2.5 million in insurance proceeds in 2013 and expect to receive additional proceeds in the first quarter of 2015. While no assurances can be given, after taking into account the Company’s existing insurance coverage, management believes that the damages sustained as a result of this fire will not have a material adverse effect on the Company’s financial position or results of operations.

Strategic_Repositioning_Initia

Strategic Repositioning Initiatives	12 Months Ended
	Dec. 31, 2014
Restructuring and Related Activities [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	4. Strategic Repositioning Initiatives
	The Company has begun to implement a strategic repositioning which includes, among other things:
		-1	Simplifying the business model by discontinuing all construction and development and focusing on organic growth;
		-2	Reducing the number of joint ventures through planned dispositions of certain assets within its joint ventures to simplify asset ownership structure and reduce exposure to off-balance sheet obligations;
		-3	Disposing of land which was previously held for future development (held in land and property held for sale as of December 31, 2014, some of which was disposed of subsequent to the year ended December 31, 2014 (See Note 19) and the rest of which we expect to dispose of during 2015);
		-4	Identifying costs savings at the Company's properties and at the corporate office; and
		-5	Focusing time and resources on recruiting new members of our management team.
	During the year ended December 31, 2014, the Company discontinued all construction and development operations (see Note 7).
	During the year ended December 31, 2014, the Company recorded an other than temporary impairment of $57.8 million in the consolidated statement of operations and comprehensive income (loss) for certain of our unconsolidated entities, including $31.3 million related to HSRE I, HSRE V, HSRE VI and HSRE X (the “HSRE Investments”) and $26.5 million related to our investment in CSH Montreal LP. Factors giving rise to the strategic repositioning, including results below our expectations in original underwriting as well as our communications from the venture partner during the year ended December 31, 2014 about their desire to dispose of certain properties in the HSRE Investments in the near term, resulted in our determination that an other than temporary impairment existed. See Note 11 for additional information on impairments.
	In connection with exiting the construction and development businesses during 2014, the Company recorded impairment for land and pre-development costs of $31.9 million in the consolidated statement of operations and comprehensive income (loss), based on their estimated fair values. The fair values were obtained from third-party appraisals based on comparable properties (market approach; which involved Level 3 inputs in the fair value hierarchy). The land held for sale is expected to be disposed of pursuant to a standard sale process during 2015. See Note 19.
	Additionally, the Company recorded $15.1 million of impairments of other assets related to corporate infrastructure changes, as a result of the strategic repositioning. Assets impaired included the corporate aircraft and certain enterprise resource planning related assets.
	The Company also terminated the employment of certain employees and eliminated positions as part of the strategic repositioning. In connection with these terminations, the Company recognized severance expense of $9.1 million during the year ended December 31, 2014, of which $2.9 million is included in loss from discontinued operations and $6.2 million is included in operating expenses in the consolidated statements of operations and comprehensive income (loss). Severance expense included $2.7 million for the acceleration of the vesting conditions of restricted shares. As of December 31, 2014, there was $5.7 million included in accounts payable and accrued expenses in the consolidated balance sheet of which $4.3 million and $1.4 million is expected to be paid in 2015 and 2016, respectively. Significant components of the severance accrual during 2014 are as follows (in thousands):
	Balance at January 1, 2014		$	-
	New charges			6,411
	Cash payments			-668
	Balance at December 31, 2014		$	5,743

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5.  Income Taxes
	The Company believes it is operating so as to qualify as a REIT under the Internal Revenue Code. Therefore, it is not subject to federal income tax as long as the Company distributes at least 90% of its REIT taxable income to its stockholders each year. As a result, no provision for federal income taxes has been included in the accompanying consolidated financial statements. If the Company fails to qualify as a REIT, it will be subject to federal income tax (including any applicable alternative minimum tax) on its taxable income and to federal income and excise taxes on its undistributed income. The Company’s TRSs are subject to federal, state, and local income taxes. As such, deferred income taxes result from temporary differences between the carrying amounts of assets and liabilities of the TRSs for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using enacted tax rates in effect in the years in which those temporary differences are expected to reverse. Significant components of the deferred tax assets and liabilities of the TRSs are as follows (in thousands):
		2014		2013
	Deferred tax assets:
	Solar investment tax credit	$	2,116	$	1,924
	Federal and state net operating loss		2,284		79
	Other		22		23
	Less: valuation allowance		-4,002		-484
	Total deferred tax assets		420		1,542
	Deferred tax liabilities:
	Deferred revenue		-		-260
	Depreciation and amortization		-420		-355
	Total deferred tax liabilities		-420		-615
	Net deferred tax assets	$	-	$	927
	The Company has a federal net operating loss ("NOL") of approximately $5.9 million at December 31, 2014, which will expire in 2034. Additionally, the Company has state NOLs of approximately $7.8 million and $1.3 million at December 31, 2014 and 2013, respectively, that will expire at various times between 2018 and 2034.
	Significant components of the Company’s income tax provision are as follows (in thousands):
		December 31,		December 31,		December 31,
		2014		2013		2012
	Current:
	Federal	$	-	$	-	$	150
	State		-		200		206
	Current expense		-		200		356
	Deferred:
	Federal		815		-885		-
	State		-84		-42		-
	Deferred expense (benefit)		731		-927		-
	Income tax expense (benefit)	$	731	$	-727	$	356
	Due to the Company’s decision to discontinue construction and development operations, it believes it is more likely than not that the Company will not realize the value of its deferred tax assets, net of valuation allowance. Therefore, an increase of the valuation allowance of approximately $3.5 million was recorded during the year ended December 31, 2014. The Company had no unrecognized tax benefits as of December 31, 2014 and December 31, 2013.
	As of December 31, 2014, the Company is not under an income tax examination by the Internal Revenue Service (“IRS”) or by any state or local taxing authority. The Company is no longer subject to income tax examinations by the IRS for tax years before 2011, or by state or local income tax authorities for tax years before 2010.

Business_Acquisitions

Business Acquisitions	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	6. Business Acquisitions
	Denton, Texas Acquisition
	In January 2014, the Company acquired HSRE’s 80% ownership interest in HSRE IV, in which the Company previously held a 20% interest and which owns The Grove at Denton, Texas, for approximately $7.7 million. Prior to the acquisition of this interest, the Company accounted for its ownership interest in the property under the equity method. In connection with evaluating the Company’s investment in HSRE IV for impairment as of December 31, 2013, the Company recognized a loss of approximately $0.3 million for the other than temporary decline in value of its previously held equity interest in the property. The acquisition date fair value of the Company’s equity interest in HSRE IV immediately before the acquisition of the remaining interest in HSRE IV was $1.9 million based on the purchase price of the transaction. Subsequent to the Company’s acquisition of this interest, the Company consolidated the balance sheet and results of operations of The Grove at Denton, Texas. For the year ended December 31, 2014, the acquired property contributed a total of $3.9 million in revenue and $1.0 million in expenses, which included $1.5 million of amortization expense of in-place intangible assets.
	The following table is an allocation of the purchase price (in thousands):
	Land	$	4,770
	Buildings and improvements		18,276
	Furniture, fixtures and equipment		2,284
	In-place leases		1,524
	Other		-377
	Fair value of debt at acquisition		-16,901
			9,576
	Less estimated fair value of interest owned prior to acquisition		-1,915
		$	7,661
	Acquisition of Properties Under Development
	During the year ended December 31, 2013, the Company acquired land at nine project sites. The purchase price for these nine sites totaled approximately $32.4 million. The project sites were located in Slippery Rock, Pennsylvania, Grand Forks, North Dakota, Mt. Pleasant, Michigan, Philadelphia, Pennsylvania, Louisville, Kentucky, Greensboro, North Carolina, Gainesville, Florida, Bellingham, Washington, and Ames, Iowa. During 2013, the Company contributed its investment in the Philadelphia, Pennsylvania project to a joint venture with Brandywine and HSRE. The project sites in Louisville, Kentucky, and Greensboro, North Carolina, were contributed into a joint venture with HSRE during 2013. The investment in Ames, Iowa is a development project in conjunction with Copper Beech. The Company did not acquire land for development in 2014.
	Copper Beech Acquisition
	In February 2013, the Company entered into purchase and sale agreements to acquire a 48.0% interest in a portfolio of 35 student housing properties, one undeveloped land parcel and a corporate office building held by the members of Copper Beech Townhome Communities, LLC (“CBTC”) and Copper Beech Townhome Communities (PA), LLC (“CBTC PA”, together with CBTC, “Copper Beech” or the “Sellers”) (the “CB Portfolio”), and a fully integrated platform and brand with a management team, for an initial purchase price of approximately $230.2 million, including the repayment of $106.7 million of debt, with the remaining 52.0% interest in the CB Portfolio to be held by certain of the current members of CBTC and CBTC PA, (the “CB Investors”). To effect the acquisition of its 48.0% interest in the CB Portfolio, the Company entered into a purchase and sale agreement (the “Purchase Agreement”), and related transactions, with the members of CBTC and CBTC PA, to acquire in steps an additional 36.3% interest in the CB Portfolio. The Company also entered into a purchase and sale agreement with certain investors in the CB Portfolio who are not members of Copper Beech (the “Non-Member Investors”) to acquire the interests in the CB Portfolio held by such Non-Member Investors (the “Non-Member Purchase Agreement”). Pursuant to the Non-Member Purchase Agreement, the Company acquired approximately an 11.7% interest in the CB Portfolio from the Non-Member Investors. The Company refers to this transaction as the “CB Portfolio Acquisition.”
	The CB Portfolio consists of 36 student housing properties, one undeveloped land parcel, and Copper Beech’s corporate office building in State College, Pennsylvania. The CB Portfolio consists primarily of townhouse units located in eighteen geographic markets in the United States across thirteen states, with 30 of the 36 student housing properties having been developed by Copper Beech. As of the date of the CB Portfolio Acquisition, the CB Portfolio comprised approximately 6,242 rentable units with approximately 16,645 rentable beds. As of the date of the CB Portfolio Acquisition, the student housing properties had an average age of approximately 8.2 years.
	The Company’s investment in the CB Portfolio entitled it to a preferred payment of $13.0 million for the first year of its investment and 48% of remaining operating cash flows. In connection with the CB Portfolio Acquisition, the Company loaned approximately $31.7 million at an interest rate of 8.5% per annum to the CB Investors, which was repaid in connection with the Amendment to the Purchase Agreement (as described below).
	Amendment to Copper Beech Purchase Agreement
	On September 30, 2013 and effective subject to the receipt of required third party consents, the Company entered into an Amendment (the “Amendment”) to the Purchase Agreement. As consideration for entering into the Amendment, the Company paid the CB Investors $4.0 million.
	Pursuant to the terms of the Amendment, following receipt of required third party consents, the Company will transfer its 48.0% interest in five properties in the Copper Beech Portfolio (Copper Beech Auburn, Copper Beech Kalamazoo Phase 1, Copper Beech Kalamazoo Phase 2, Copper Beech Oak Hill and Copper Beech Statesboro Phase 1) back to the CB Investors and defer the acquisition of the two Phase II development properties (Cooper Beech Mt. Pleasant Phase 2 and Cooper Beech Statesboro Phase 2) until August 18, 2014 as consideration for an additional 19.0% interest in each of the remaining 30 properties in the Copper Beech Portfolio (the “Initial Copper Beech Properties”). Following the transfer of such properties, the Company held a 67.0% interest in each of 30 properties in the Copper Beech Portfolio, with the CB Investors holding the remaining 33.0% interest.
	In addition, under the terms of the Amendment, the Company has the option, exercisable from March 18, 2014 through August 18, 2014, to acquire an 18.0% interest in each of the seven properties whose acquisition is being deferred (collectively, the “Deferred Copper Beech Properties”), which will entitle the Company to 33.0% of the operating cash flows of such Deferred Copper Beech Properties. The purchase price for the exercise of this option is approximately $16.9 million. In order to exercise this option, the Company must also exercise the option to acquire an additional 18.0% interest in the Initial Copper Beech Properties, which is described below.
	The Amendment was accounted for as a nonmonetary exchange. The interests in the five properties transferred were accounted for by the Company as investments under the equity method prior to the exchange. No gain or loss was recognized as a result of the transaction.
	The Amendment also amends the Company’s options to acquire additional interests in the Copper Beech Portfolio as follows:
	•      Beginning March 18, 2014 through August 18, 2014, the Company had the option to acquire an additional 18.0% interest in the Initial Copper Beech Properties, increasing its aggregate interest in such properties to 85.0%, which entitled the Company to 100% of the operating cash flows of the Initial Copper Beech Properties. The aggregate purchase price for the exercise of this purchase option was approximately $93.5 million plus debt repayment of approximately $21.0 million.
	•        Subsequent to December 31, 2014, the Company completed the acquistition of the Copper Beech Portfolio (see Note 19). Prior to the acquisition, the Company had the option to acquire an additional 3.9% interest in the Initial Copper Beech Properties and an additional 70.9% interest in the Deferred Copper Beech Properties through May 2015, which would have increased its aggregate interest in all 37 properties in the Copper Beech Portfolio to 88.9% and entitled the Company to 100% of the operating cash flows of the Initial Copper Beech Properties and the Deferred Copper Beech Properties. The aggregate purchase price for the exercise of this purchase option was approximately $100.7 million plus debt repayment of approximately $19.0 million. Through May 2016, the Company had the option to acquire an additional 11.1% interest in the Copper Beech Portfolio, which would have increased its aggregate interest to 100%. The aggregate purchase price for the exercise of this purchase option was approximately $53.4 million.
	In connection with the Amendment, in October 2013, the Sellers repaid the entire principal balance of $31.7 million outstanding under the loans previously provided by us.
	Dilution of Ownership
	On August 18, 2014, the Company elected not to exercise the first purchase option to acquire additional interests in the properties comprising the CB Portfolio. As a result of this decision, the Company is entitled to 48.0% of the operating cash flows in the 36 operating properties, one office building and one parcel of land as well as 45.0% of the proceeds of any sale of any portion of the CB Portfolio. In addition, any future purchase options to acquire additional interests in the CB Portfolio are forfeited. During the three months ended September 30, 2014, and as a result in the change in ownership percentage in the CB Portfolio, the Company incurred a non-cash charge of $33.4 million, which is included in the accompanying consolidated statements of operations and comprehensive income (loss).
	Both the Company and the CB Investors hold joint approval rights for major decisions, including those regarding property acquisition and disposition as well as property operation. As such, the Company holds a noncontrolling interest in the CB Portfolio and accordingly applies the equity method of accounting. As of December 31, 2014, the Company held a 48% effective interest in 36 operating properties and two non-operating properties in the CB Portfolio.
	The Company recognized approximately $1.6 million and $3.8 million in equity in losses of Copper Beech as well as no interest income and approximately $1.4 million interest income from the loan to the CB Investors for the years ended December 31, 2014 and December 31, 2013, respectively. Additionally, the Company recognized approximately $3.0 million and $1.1 million of transaction expenses related to the CB Portfolio Acquisition and incurred $4.0 million and $16.9 million of costs which were included in its investment basis in Copper Beech for the years ended December 31, 2014 and December 31, 2013, respectively.
	Copper Beech Purchase
	On January 30, 2015, the Company closed on a transaction to acquire the remaining interest in certain of the Copper Beech properties (see Note 19).
	Toledo, Ohio Acquisition
	On March 2, 2013, the Company acquired 100% of the ownership interests in Campus Crest at Toledo, Ohio, a 382 unit and 629 bed property on the campus of the University of Toledo for approximately $13.8 million. The following table is an allocation of the purchase price (in thousands):
	Land	$	2,855
	In-place leases		469
	Buildings and improvements		9,496
	Furniture and fixtures		102
	Other		879
		$	13,801
	Montreal, Quebec Acquisitions
	In July 2013, the Company entered into a joint venture, DCV Holdings, LP (“DCV Holdings”) with Beaumont Partners SA (“Beaumont”) to acquire a 711 room, 33-story hotel in downtown Montreal, Quebec, Canada, for approximately CAD 60.0 million. The joint venture has since converted the property into an upscale student housing tower featuring a mix of single and double units serving McGill University, Concordia University and L’Ecole de Technologie.
	In December 2013, the Company and Beaumont formed a holding company, CSH Montreal LP (“CSH Montreal”), and DCV Holdings was subsequently contributed to CSH Montreal, such that CSH Montreal became the sole limited partner in DCV Holdings. In addition, following the insertion of CSH Montreal as the holding company in the joint venture arrangement, CSH Montreal acquired ownership of HIM Holdings LP (“HIM Holdings”), an entity formed to facilitate the acquisition of the Holiday Inn property in Canada. In January 2014, HIM Holdings completed the acquisition of a hotel property, which has been converted into an upscale student housing property serving McGill University. As of December 31, 2014, the Company owned a 47.0% common interest in CSH Montreal, the holding company of DCV Holdings.

Asset_Dispositions_and_Discont

Asset Dispositions and Discontinued Operations	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	7.      Asset Dispositions and Discontinued Operations
	In connection with the strategic repositioning initiatives, the Company discontinued all construction and development operations. See Note 4 for additional information related to the strategic repositioning. In connection with the discontinuation of these operations, the Company has presented the results of construction and development as discontinued operations in the accompanying consolidated statements of operations and comprehensive income (loss) for all years presented. These operations were previously included in the development, construction and management services segment in the prior year’s consolidated financial statements. See Note 16 for additional segment information.
	Below is a summary of the consolidated balance sheet for the construction and development operations for the years ended December 31, 2014 and 2013 (in thousands):
		December 31,
		2014		2013
	Cash	$	1,118	$	331
	Other assets		2,461		4,408
	Costs and earnings in excess of construction billings		3,887		42,803
	Total assets		7,466		47,542
	Accounts payable and accrued expenses		6,050		18,660
	Construction billings in excess of cost and earnings		481		600
	Total liabilities		6,531		19,260
	Total net assets	$	935	$	28,282
	Below is a summary of the results of operations for the construction and development operations for all periods presented (in thousands):
		Year Ended December 31,
		2014		2013		2012
	Revenue	$	24,383	$	50,249	$	53,736
	Construction and development service expense		-29,650		46,759		50,493
	Severance		-2,959		-		-
	Operating income (loss)		-8,226		3,490		3,243
	Depreciation and amortization		-		-		-
	Income (loss) from discontinued operations	$	-8,226	$	3,490	$	3,243
	All construction and development projects were substantially complete as of December 31, 2014.
	In December 2013, the Company sold four unencumbered, wholly-owned properties: The Grove at Jacksonville, Alabama, The Grove at Jonesboro, Arkansas, The Grove at Wichita, Kansas, and The Grove at Wichita Falls, Texas, for a combined sales price of $51.0 million resulting in net proceeds of approximately $48.6 million. In connection with the disposition of these properties, an impairment of $4.7 million was recorded which is presented in discontinued operations in the accompanying consolidated statements of operations and comprehensive income (loss) for the year ended December 31, 2013. In December 2014, the Company paid $1.4 million to the purchaser of these properties to settle certain claims in connection with the sale which is included in loss on discontinued operations during the year ended December 31, 2014 in the accompanying statement of operations and comprehensive income (loss). These properties were included in the Company’s student housing properties segment. These properties were disposed of as of December 31, 2013 and therefore have no activity for the year ended December 31, 2014.
	Below is a summary of the results of operations for the properties through the date of disposition for all periods presented (in thousands):
		Year Ended December 31,
		2014		2013		2012
	Revenue	$	-	$	9,754	$	8,993
	Operating expenses		-		5,354		5,184
	Loss on sale of disposed assets		-1,350		-		-
	Operating income		-1,350		4,400		3,809
	Depreciation and amortization		-		2,672		3,144
	Net income	$	-1,350	$	1,728	$	665
	Impairment on discontinued operations		-		-4,729		-
	Income (loss) from discontinued operations	$	-1,350	$	-3,001	$	665

Investment_in_Unconsolidated_E

Investment in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	8. Investment in Unconsolidated Entities
	The Company has investments in real estate ventures with HSRE, the former members (the “CB Investors”) of Copper Beech Townhome Communities, LLC ("CBTC") and Copper Beech Townhome Communities (PA), LLC (“CBTC PA,” together with CBTC, "Copper Beech"), and Beaumont Partners SA (“Beaumont”) that the Company does not consolidate. These joint ventures are engaged primarily in developing, constructing, owning and managing student housing properties. Both the Company and its joint venture partners hold joint approval rights for major decisions, including those regarding property acquisitions and dispositions as well as property operation. As such, the Company has significant influence but not control in these joint ventures and accounts for them under the equity method of accounting.
	The Company acts as the operating member and day-to-day manager for its investments with HSRE and Beaumont and earns fees for these management services. Additionally, for the periods presented, the Company has provided development and construction services to the ventures with HSRE, Copper Beech and Beaumont and recognized fees as the services are performed. The fees related to development and construction services are included in "Income (loss) from discontinued operations" in the accompanying consolidated statements of operations and comprehensive income (loss).
	In January 2014, CSH Montreal LP (“CSH Montreal”), the Company’s joint venture with Beaumont, formed HIM Holdings LP (“HIM Holdings”), to facilitate the acquisition of the Holiday Inn Midtown in Montréal, Québec for approximately CAD 65 million ($56.2 million). In connection with the acquisition of the Holiday Inn property, the Company increased its ownership interest from 20.0% to 47.0% in CSH Montreal, the joint venture that ultimately owns the Holiday Inn Midtown. In January 2014, with the acquisition of the Holiday Inn Midtown property, the Company provided CAD 16.0 million ($13.8 million) of preferred bridge equity financing to CSH Montreal to be repaid on or before September 2, 2014. As of September 2, 2014, the Company’s preferred equity had not been repaid in full and as a result it is now entitled to 60.5% of all cash distributions related to earnings from CSH Montreal with Beaumont and its partners being entitled to the remaining 39.5%. The Company retains its common ownership interest of 47.0% in CSH Montreal and recognizes 47.0% in all losses from CSH Montreal with Beaumont and its partners recognizing the remaining 53.0%. The Company’s maximum exposure to loss is its investment in CSH Montreal and the amount, if any, that could be due under its debt guarantee described in Note 17. While the Company is not obligated to provide additional capital to CSH Montreal, the Company may provide such funding. The Company estimates that it will fund approximately $4.7 million in future operating commitments, taxes and future capital needs through the 2014/2015 academic year. The Company funds operating commitments up to its 47.0% common ownership in the partnership. See Note 17 for additional information on these guarantees.
	In conjunction with the Holiday Inn Midtown acquisition, CSH Montreal entered into a CAD 112.0 million ($96.8 million at December 31, 2014 exchange rate) acquisition and development credit facility to help fund the conversion of both hotels into upscale student housing towers. The credit facility provides for variable interest-only payments at the higher of the Canadian Prime rate, which was 3.00% at December 31, 2014, plus a weighted average spread of 3.39% or the Canadian Dealer Offered Rate (“CDOR”), which was 1.3% at December 31, 2014, plus 1%, plus a weighted average spread of 3.39% through its maturity date on January 13, 2016. This facility has one twelve-month extension option, subject to lender approval.
	In January 2014, the Company amended and restated the HSRE-Campus Crest I, LLC operating agreement, which had the effect of exchanging its preferred interests in The Grove at San Angelo, Texas, and The Grove at Conway, Arkansas, for additional membership interests in HSRE-Campus Crest I, LLC, effectively increasing the Company’s equity investment in the joint venture to 63.9% from 49.9%. HSRE-Campus Crest I, LLC owns The Grove at San Angelo, Texas, The Grove at Lawrence, Kansas, and The Grove at Conway, Arkansas. In the event the joint venture is sold, the partners will share equally in the net proceeds. There were no other material changes to the agreement. Subsequent to December 31, 2014, the Company entered into a binding agreement to sell two of these properties. See Note 19 for additional information.
	On August 18, 2014, the Company elected not to exercise the first purchase option to acquire additional interests in the properties comprising the CB Portfolio. As a result of this decision, the Company is entitled to 48.0% of the operating cash flows in the 36 unconsolidated operating properties, one office building and one parcel of land as well as 45.0% of the proceeds of any sale of any portion of the CB Portfolio. In addition, any future purchase options to acquire additional interests in the CB Portfolio are forfeited. As a result in the change in ownership percentage in the CB Portfolio, the Company incurred a charge of $33.4 million, which is included in the accompanying consolidated statements of operations and comprehensive income (loss).
	The Company is the guarantor of the construction and mortgage debt or credit facilities of its joint ventures with HSRE and Beaumont. See Note 17. Details of the Company’s unconsolidated investments at December 31, 2014 are presented in the following table (dollars in thousands):
																Debt
																		Weighted
								Number of										Average
			Our			Year		Properties In		Total		Total  (5)		Net Total		Amount		Interest
	Unconsolidated Entities		Ownership			Founded		Operation		Investment		Impairment		Investment		Outstanding		Rate			Maturity Date / Range
	HSRE-Campus Crest I, LLC			63.9	%		2009		3	$	10,380	$	-10,168	$	212	$	32,485		2.67	-1%		5/9/15
	HSRE-Campus Crest V, LLC			10	%		2011		3		4,093		-4,093		-		49,614		2.89	-1%		4/20/2015-5/05/2015
	HSRE-Campus Crest VI, LLC			20	%		2012		3		15,089		-8,274		6,815		53,706		2.48	-1%		5/08/2015 – 12/19/2015
	HSRE-Campus Crest IX, LLC			30	%		2013		1		18,975		-		18,975		90,204		2.37	-1%		7/25/16
	HSRE-Campus Crest X, LLC			30	%		2013		2		12,307		-4,234		8,073		40,739		2.36	-1%		9/06/2016-9/30/2018
	CB Portfolio			48	-3%		2013		35		218,718		-		218,718		227,698		5.14	-2%		9/01/2015 – 10/01/2020
	CSH Montreal			47	-4%		2013		2		33,470		-26,523		6,947		87,970		6.39	-1%		1/13/16
	Total unconsolidated entities								49	$	313,032	$	-53,292	$	259,740	$	582,416		4.13	%
	-1	Variable interest rates.
	-2	Comprised of fixed rate debt.
	-3	As of December 31, 2014, the Company had a 48.0% ownership interest in the CB Portfolio.
	-4	As of January 2014, the Company’s ownership increased to 20.0% from 47.0% due to the acquisition of Holiday Inn Midtown in Montreal, Quebec. See discussion above.
	-5	During the year ended December 31, 2014, the Company recognized an impairment of unconsolidated entities of $57.8 million, of which $53.3 million reduced the carrying value of the investments and $4.5 million was recorded as a guarantee obligation in other liabilities in the accompanying consolidated balance sheet.
	The following is a summary of the combined financial position of the Company’s unconsolidated entities with HSRE and Beaumont in their entirety, not only its interest in the entities, for the periods presented (in thousands):
			December 31,
			2014			2013
	Assets
	Student housing properties, net		$	437,108		$	289,797
	Development in process			7,429			81,994
	Other assets			12,947			15,341
	Total assets		$	457,484		$	387,132
	Liabilities and Equity
	Mortgage and construction loans		$	354,759		$	165,445
	Other liabilities			29,364			58,948
	Owners' equity			73,361			162,739
	Total liabilities and owners' equity		$	457,484		$	387,132
	Company's share of historical owners' equity		$	30,481		$	41,390
	Preferred investment(1)			7,322			16,468
	Net difference in carrying value of investment versus net book value of underlying net assets(2)			3,219			5,568
	Carrying value of investment in HSRE and other non-Copper Beech entities		$	41,022		$	63,426
	-1	As of December 31, 2014, the Company had Class B membership interests in The Grove at Indiana, Pennsylvania, The Grove at Greensboro, North Carolina, and The Grove at Louisville, Kentucky, of approximately $2.7 million, $2.7 million and $1.9 million, respectively, entitling the Company to a 9.0% return on its investment upon the respective property being operational. The Company also had, from January to September 2, 2014, a CAD 16 million ($13.8 million at December 31, 2014 exchange rate) Class A interest in CSH Holdings entitling it to a commitment fee of 1.0% of the Class A interest each quarter and a 10.0% annual return on its investment.
	-2	This amount represents the aggregate difference between the Company’s carrying amount and its underlying equity in the net assets of its investments, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the other than temporary impairments recorded during 2014 (see Note 4), the difference between the allocated value to acquired entity interests and the venture’s basis in those interests, the capitalization of additional investment in the unconsolidated entity, and the elimination of service related revenue to the extent of the Company’s percentage ownership.
	ASC 323 Investments – Equity Method and Joint Ventures and Article 4.08(g) of Regulation S-X requires that summarized financial information of material investments accounted for under the equity method be provided of the investee’s financial position and results of operations including assets, liabilities and results of operations under the investee’s historical cost basis of accounting. Notwithstanding the extensive efforts of the Company and Copper Beech to compile the necessary financial information, the Company has determined that the information needed for the preparation of historical financial statements of the CB Portfolio to satisfy these requirements is not available or otherwise sufficiently reliable. As a result, the Company has elected to present financial information on its investment in Copper Beech on the Company’s cost basis for its investment as of December 31, 2014 as it believes this information is reliable and relevant to the users of its financial statements. Further, although the Company acknowledges that the information provided does not comply with all of the provisions of ASC 323 or Article 4.08(g) of Regulation S-X, it does not believe that the lack of the omitted disclosure, or the information of the financial position reflecting the cost basis of its investment provided results in a material omission or misstatement of the Company’s consolidated financial statements taken as a whole.
	The following is a summary of the financial position reflecting the cost basis of the Company’s investments in the Copper Beech entities in their entirety for the 35 and 28 unconsolidated properties in the CB Portfolio as of December 31, 2014 and December 31, 2013, respectively (in thousands):
			December 31,
			2014			2013
	Assets
	Student housing properties, net		$	906,614		$	748,280
	Intangible assets			7,212			37,100
	Other assets			14,293			5,201
	Total assets		$	928,119		$	790,581
	Liabilities and Equity
	Mortgage and construction loans		$	476,985		$	421,239
	Other liabilities			15,541			13,112
	Owners' equity			435,593			356,230
	Total liabilities and owners' equity		$	928,119		$	790,581
	Company's share of historical owners' equity		$	199,281		$	244,964
	Net difference in carrying value of investment versus net book value of underlying net assets(1)			19,437			16,628
	Carrying value of investment in unconsolidated entity		$	218,718		$	261,592
		-1	This amount represents the aggregate difference between the historical cost basis and the basis reflected at the entity level, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the impairment recognized in connection with not exercising the Copper Beech purchase option offset by the capitalization of transaction costs incurred to acquire the Company's interests in the Copper Beech entities.
	The following is a summary of the combined operating results for the Company’s unconsolidated entities with HSRE and Beaumont in their entirety, not only its interest in the entities, for the periods presented (in thousands):
		Year Ended December 31,
		2014			2013		2012
Revenues		$	30,811		$	23,422	$	17,934
Expenses:
Operating expenses			21,846			17,434		9,665
Interest expense			7,577			5,025		4,962
Depreciation and amortization			11,091			6,304		4,807
Total expenses			40,514			28,763		19,434
Net loss		$	-9,703		$	-5,341	$	-1,500
The following is a summary of the operating results for the Company’s unconsolidated Copper Beech entities in their entirety, not only its interest in the entities. For the year ended December 31, 2014, this summary includes results for 28 properties from January 1, 2014 through August 18, 2014 and results for 35 unconsolidated properties from August 19, 2014 through December 31, 2014 (in thousands):
					Period from
		Year Ended			March 18, 2013 to
		December 31, 2014			December 31, 2013
Revenues		$	83,108		$	67,545
Expenses:
Operating expenses			34,525			28,316
Interest expense			13,152			11,852
Depreciation and amortization			35,827			56,106
Total expenses			83,504			96,274
Net loss		$	-396		$	-28,729
During the year ended December 31, 2014 the CB Portfolio had net cash provided by operating activities of approximately $24.6 million (unaudited), net cash used in investing activities of approximately $(4.4) million (unaudited), and net cash used in financing activities of approximately $(17.7) million (unaudited). During the year ended December 31, 2013, the CB Portfolio had net cash provided by operating activities of $16.4 million (unaudited), net cash provided by investing activities of $24.2 million (unaudited), and net cash provided by financing activities of $9.1 million (unaudited), respectively.
The following table is the calculation of the Company’s equity in losses in the CB Portfolio for the year ended December 31, 2014 and for the period from March 18, 2013 to December 31, 2013. As there are several components of the calculation, set forth below are notes corresponding to the notes included in the Company’s calculation to further explain these components (in thousands).
		Year Ended			Period from
		December 31,			March 18, 2013 to
		2014			December 31, 2013
Net loss incurred by the CB Portfolio based on the Company's purchase price (1)		$	-396		$	-28,729
Campus Crest's share of net loss (2)			-606			-9,215
Campus Crest percentage of preferred payment (3)			911			5,663
Campus Crest earnings from Copper Beech			305			-3,552
Amortization of basis difference (4)			-557			-264
Total equity in earnings (loss) in the CB Portfolio		$	-252		$	-3,816
	-1	The basis of the financial statements of the CB Portfolio used in the calculation of the Company’s equity in earnings for the year ended December 31, 2014 was computed using the cost basis for its investment in the CB Portfolio’s underlying assets and liabilities for its properties at the dates the Company acquired its interests in the CB Portfolio. The calculation includes the effects of purchase price adjustments determined at the date the Company acquired its interests in the CB Portfolio.
The Company consummated the acquisition of a 48.0% interest in 36 properties of the CB Portfolio. As a result of lender consents that were required to be obtained from various lenders to the CB Portfolio prior to its ownership, the Company completed its acquisition of the 48.0% interest in stages, which resulted in a variation in its ownership percentage from 25.3% to 48.0% in all 36 of the CB Portfolio operating properties from March 18, 2013 to September 30, 2013. Effective October 1, 2013, the Company and the CB Portfolio sellers amended the purchase and sale agreement, subject to receipt of all required third party consents, to increase the Company’s ownership interest by 19.0% in 28 of the 35 properties (thereby increasing its ownership in the 28 properties to 67%) in exchange for the Company’s 48.0% interest in seven of the properties (thereby reducing its ownership in the seven properties to 0%) and deferring the Company’s acquisition of any interests in two of the properties, plus a $20.2 million cash payment. Accordingly, the Company recognized its proportionate share of earnings of the CB Portfolio for the specific percentage of ownership interest it held during the applicable period, which was a 67.0% effective interest in the 28 properties during the first and second quarters of 2014 and through August 18, 2014. Due to the Company's decision not to exercise the first purchase option to acquire additional interests in the CB Portfolio, on August 19, 2014, the Company's ownership interest in all 35 unconsolidated operating properties in the CB Portfolio reverted to 48.0% and remained at 48.0% through December 31, 2014.
	-2	For the year ended December 31, 2014, the losses incurred from January 1, 2014 through August 18, 2014 while the Company held 67% ownership in 28 of the properties exceeded the income earned from August 19, 2014 through December 31, 2014 while the Company held 48% ownership in 36 properties.
	-3	The Company was entitled to a preferred payment for the first year of its investment and the proportionate share of the remaining operating cash flows in the CB Portfolio and it was currently entitled to its proportionate share of the operating cash flows in the CB Portfolio. During the period from March 18, 2013 to March 17, 2014, the Company was entitled to $13.0 million related to its preferred payment, all of which has been paid, and the Company received approximately $1.0 million in other distributions, as of December 31, 2014.
	-4	The Company recorded in the calculation of equity in losses in the CB Portfolio the amortization of the net difference in the Company’s carrying value of investment as compared to the underlying equity in net assets of the investee.

Debt

Debt	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	9.    Debt
	The following is a summary of the Company’s mortgage and construction notes payable, the Credit Facility (defined below), Exchangeable Senior Notes (defined below), and other debt (in thousands):
			Year Ended December 31,
			2014		2013
	Fixed-rate mortgage loans		$	163,341	$	165,393
	Variable-rate mortgage loans			16,613		-
	Construction loans			120,719		40,138
	Line of credit			217,500		108,500
	Exchangeable senior notes			97,419		96,758
	Other debt			2,827		2,694
			$	618,419	$	413,483
	Mortgage and Construction Loans
	Mortgage and construction loans are collateralized by properties and their related revenue streams. Mortgage loans are not cross-defaulted or cross-collateralized with any other indebtedness. The Company’s mortgage loans generally may not be prepaid prior to maturity; however, in certain cases, prepayment is allowed subject to prepayment penalties. The Company’s construction note agreements contain representations, warranties, covenants (including financial covenants upon commencement of operations) and other terms that are customary for construction financing. Construction loans are generally secured by a first deed of trust or mortgage on each property, primary UCC filings, and an assignment of rents, leases and profits from the respective property. Mortgage and construction loans for the periods presented consisted of the following (in thousands):
			Face Amount		Principal		Principal		Stated Interest Rate	Interest Rate at			Maturity Date	Amortization
					Outstanding at		Outstanding at			12/31/14			-1
					12/31/14		12/31/13
	Construction loans
	The Grove at Muncie		$	14,567	$	13,892	$	12,237	LIBOR + 225 BPS		2.42	%	7/3/15	Interest only
	The Grove at Slippery Rock			17,961		16,031		-	LIBOR + 215 BPS		2.32	%	6/21/16	Interest only
	The Grove at Fort Collins			19,073		19,073		17,228	LIBOR + 190 BPS		2.07	%	7/13/15	Interest only
	The Grove at Pullman			16,016		10,886		10,673	LIBOR + 220 BPS		2.37	%	9/5/15	Interest only
	The Grove at Grand Forks			16,916		12,474		-	LIBOR + 200 BPS		2.17	%	2/5/17	Interest only
	The Grove at Gainesville			30,069		22,836		-	LIBOR + 215 BPS		2.32	%	3/13/17	Interest only
	Copper Beech at Ames			23,551		21,170		-	LIBOR + 225 BPS		2.42	%	5/2/17	Interest only
	Toledo Vivo			9,404		4,357		-	LIBOR + 215 BPS		2.32	%	11/25/17	Interest only
	Mortgage loans
	The Grove at Denton			17,167		16,613		-	LIBOR + 215 BPS		2.32	%	3/1/17	30 years	-2
	The Grove at Milledgeville			16,250		15,640		15,847	6.12%		6.12	%	10/1/16	30 years	-2
	The Grove at Carrollton and The Grove at Las Cruces			29,790		28,674		29,052	6.13%		6.13	%	10/11/16	30 years	-2
	The Grove at Asheville			14,800		14,304		14,500	5.77%		5.77	%	4/11/17	30 years	-2
	The Grove at Ellensburg			16,125		15,845		16,070	5.10%		5.1	%	9/1/18	30 years	-3
	The Grove at Nacogdoches			17,160		16,857		17,100	5.01%		5.01	%	9/1/18	30 years	-3
	The Grove at Greeley			15,233		14,945		15,194	4.29%		4.29	%	10/1/18	30 years	-3
	The Grove at Clarksville			16,350		16,238		16,350	4.03%		4.03	%	7/1/22	30 years	-4
	The Grove at Columbia			23,775		22,738		23,180	3.83%		3.83	%	7/1/22	30 years	-2
	The Grove at Statesboro			18,100		18,100		18,100	4.01%		4.01	%	1/1/23	30 years	-5
					$	300,673	$	205,531
		-1	For the construction loans, the maturity date is the stated maturity date in the respective loan agreements, which can be extended for an additional one to two years, subject to the satisfaction of certain conditions, depending on the loan.
		-2	Loan requires monthly payments of principal and interest, plus certain reserve and escrows, until maturity when all principal is due.
		-3	Loan requires interest only payments plus certain reserves and escrows, payable monthly through September 2013. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
		-4	Loan requires interest only payments plus certain reserves and escrows, payable monthly through August 2014. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
		-5	Loan requires interest only payments plus certain reserves and escrows, payable monthly through January 2015. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
	Line of Credit
	In January 2013, the Company entered into the second amended and restated credit agreement (the "Second Amended and Restated Credit Agreement"), which provides for a $250.0 million senior unsecured revolving credit facility (the "Revolving Credit Facility") and a $50 million term loan (the “Term Loan”, together with the “Revolving Credit Facility”, the “Amended Credit Facility”). Additionally, under certain circumstances, there is an accordion feature that allows the Company to request an increase in the total commitments of an additional $300.0 million to a total commitment of $600.0 million. The Second Amended and Restated Credit Facility will mature in January 2017 and contains a one-year extension option, subject to certain terms and conditions. Amounts outstanding under the Second Amended and Restated Credit Facility bears interest at a floating rate equal to, at the Company’s election, the Eurodollar Rate or the Base Rate (each as defined in the Amended Credit Facility) plus a spread. The spread for borrowings under the Revolving Credit Facility ranges from 1.75% to 2.50% for Eurodollar Rate based borrowings and from 0.75% to 1.50% for Base Rate based borrowings, and the spread for the Term Loan ranges from 1.70% to 2.45% for Eurodollar Rate based borrowings and from 0.70% to 1.45% for Base Rate based borrowings. At December 31, 2014 and 2013, the interest rate was 2.68% on the Revolving Credit Facility borrowings and 2.63% on the Term Loan.
	As of December 31, 2014, the Company had approximately $167.5 million outstanding under the Revolving Credit Facility and $50.0 million outstanding under the Term Loan. The amounts outstanding under the Revolving Credit Facility and Term Loan, as well as outstanding letters of credit of $3.4 million, will reduce the amount that the Company may be able to borrow under this facility for other purposes. As of December 31, 2014, the Company had approximately $50.0 million in borrowing capacity under the Revolving Credit Facility, and amounts borrowed under the facility are due at its maturity in January 2017, subject to a one-year extension, which the Company may exercise at its option, subject to the satisfaction of certain terms and conditions, including the payment of an extension fee. The amount available for the Company to borrow under the Amended Credit Facility is based on the sum of (a) the lesser of (i) 60.0% of the "as-is" appraised value of the Company’s properties that form the borrowing base of the Amended Credit Facility and (ii) the amount that would create a debt service coverage ratio of not less than 1.5, and (b) 50% of the aggregate of the lesser of (i) the book value of each of the Company’s development assets (as such term is defined in the Second Amended and Restated Credit Agreement) and (ii) the "as-is" appraised value of each of the Company’s development assets, subject to certain limitations in the Second Amended and Restated Credit Agreement.
	The Company incurs an unused fee on the balance between the amount available under the Revolving Credit Facility and the amount outstanding under the Revolving Credit Facility of (i) 0.30% per annum if the Company’s average borrowing is less than 50.0% of the total amount available or (ii) 0.25% per annum if the Company’s average borrowing is greater than 50.0% of the total amount available.
	On February 25, 2015, the Company entered into the Second Amendment to the Revolving Credit Facility, which amended, among other things, certain of the financial covenants from and including December 31, 2014 until and including September 30, 2015 (the “Relief Period”).
	The Company’s ability to borrow under the Amended Credit Facility is subject to its ongoing compliance with a number of customary financial covenants during the Relief Period, including:
		·	a maximum leverage ratio of not greater than 0.65:1.00;
		·	a minimum fixed charge coverage ratio of not less than 1.30:1.00;
		·	a minimum ratio of fixed rate debt and debt subject to hedge agreements to total debt of not less than 66.67%;
		·	a maximum secured recourse debt ratio of not greater than 20%;
		·	a minimum tangible net worth of not less than the sum of $330,788,250 plus an amount equal to 75% of the net proceeds of any additional equity issuances; and
		·	a maximum secured debt ratio of not greater than 47.5%
	Pursuant to the terms of the Amended Credit Facility, the Company may not pay distributions that exceed the greater of (i) 95.0% of funds from operations, or (ii) the minimum amount required for the Company to qualify and maintain its status as a REIT. If a default or event of default occurs and is continuing, the Company also may be precluded from making certain distributions (other than those required to allow the Company to qualify and maintain its status as a REIT). On September 30, 2014, the Company received a waiver with respect to the distribution payout ratio for each distribution payout date through the end of 2015. The waiver was expressly conditioned on the following: (i) no default or event of default shall have occurred and be continuing and (ii) as each test date during 2015, the payout ratio shall be equal to or less than (A) 105% or (B) such greater amount as may be required by applicable law for the Company to maintain its status of a REIT. Additionally, on February 25, 2015, the dividend payout ratio was amended to be calculated on a rolling twelve month pro forma basis based on the current quarterly dividend of $0.09 per share.
	During 2013, there were several amendments to the Second Amended and Restated Credit Agreement. In February 2013, the Company amended the Second Amended Credit Facility to provide for certain exclusions related to its investments in joint ventures as well as the treatment of certain other investments within the compliance calculation of its secured debt ratio and certain negative covenants.
	In April 2013, as a result of the CB Portfolio Acquisition, the Company received a waiver from its lender group allowing for distributions up to, and not to exceed, 110.0% of funds from operations for the remainder of 2013.
	In June 2013, in connection with the Company’s investment in its joint venture with Beaumont to acquire a property in Montreal, Quebec, Canada, the Company received a waiver from its lender group allowing the Company to guarantee debt incurred by its subsidiary, Campus Crest at Montreal I, LLC, to fund such investment, as there were no assets held by the joint venture at the time the Second Amended and Restated Credit Agreement was entered into.
	The Company and certain of its subsidiaries guarantee the obligations under the Amended Credit Facility and the Company and certain of its subsidiaries have provided a negative pledge against specified assets (including real property), stock and other interests.
	Exchangeable Senior Notes
	The Company has outstanding $100.0 million of Exchangeable Senior Notes due 2018 (the “Exchangeable Senior Notes”) which bear interest at 4.75% per annum. Interest is payable on April 15 and October 15 of each year beginning April 15, 2014 until the maturity date of October 15, 2018. The Operating Partnership’s obligations under the Exchangeable Senior Notes are fully and unconditionally guaranteed by the Company. The Exchangeable Senior Notes are senior unsecured obligations of the Operating Partnership and rank equally in right of payment with all other existing and future senior unsecured indebtedness of the Operating Partnership.
	The Exchangeable Senior Notes contain an exchange settlement feature which allows the holder, under certain circumstances, to exchange its Exchangeable Senior Notes for cash, shares of the Company’s common stock or a combination of cash and shares of common stock, at the option of the Operating Partnership, based on an initial exchange rate of 79.602 shares of common stock per $1,000 principal amount of Exchangeable Senior Notes. At the initial exchange rate, the Exchangeable Senior Notes are exchangeable for common stock at an exchange price of approximately $12.56 per share of common stock.
	The Exchangeable Senior Notes will be exchangeable by the holder under the following circumstances on or prior to July 15, 2018: i) during any calendar quarter beginning after December 31, 2013 (and only during such quarter) if the closing sale price of the common stock, $0.01 par value per share, of the Company is more than 130% of the then-current exchange price for at least 20 trading days (whether or not consecutive) in the period of the 30 consecutive trading days ending on the last trading day of the previous calendar quarter; ii) during the five consecutive business-day period following any five consecutive trading-day period in which the trading price per $1,000 principal amount of notes for each trading day during such five trading day period was less than 98% of the closing sale price of the common stock of Campus Crest, or Campus Crest common stock, for each trading day during such five trading-day period multiplied by the then current exchange rate; or iii) upon the occurrence of specified corporate transactions described in the indenture governing the Exchangeable Senior Notes. On or after July 15, 2018, and on or prior to the second scheduled trading day immediately preceding the maturity date, holders of the Exchangeable Senior Notes may exchange their notes without regard to the foregoing conditions. Following certain corporate transactions that occur prior to maturity of the Exchangeable Senior Notes and that also constitute a make-whole fundamental change, the Operating Partnership will increase the exchange rate for holders who elect to exchange notes in connection with such make-whole fundamental change in certain circumstances. If specified fundamental changes involving the Operating Partnership or the Company occur, holders may require the Operating Partnership to repurchase the Exchangeable Senior Notes for cash at a price equal to 100% of the principal amount of the Exchangeable Senior Notes to be purchased plus any accrued and unpaid interest to, but excluding, the repurchase date.
	The Operating Partnership may not redeem the Exchangeable Senior Notes prior to the maturity date. At any time prior to July 15, 2018, the Operating Partnership may irrevocably elect, in its sole discretion without the consent of the holders of the Exchangeable Senior Notes, to settle all of the future exchange obligation entirely in shares of the Company's common stock. On or after July 15, 2018, the Exchangeable Senior Notes will be exchangeable at any time prior to the close of business on the second business day immediately preceding the maturity date.
In connection with the issuance of the Exchangeable Senior Notes, the Company recorded approximately $97.4 million within line of credit and other debt on the accompanying consolidated balance sheet, based on the fair value of the instrument at the time of issuance, and approximately $2.6 million in additional paid-in-capital, net of offering costs, in the accompanying consolidated statements of changes in equity. Amortization related to the $2.6 million in additional paid in capital was $0.5 million and $0.1 million for the years ended December 31, 2014 and 2013, respectively.
Other Debt
In June 2013, the Company entered into a $33.4 million (CAD 35.0 million) unsecured note payable in connection with its acquisition of a hotel in Montreal, Quebec, Canada. The note payable provided for interest-only payments at a variable interest rate equal to the Canadian Dealer Offered Rate (“CDOR”), which was 1.30% at December 31, 2014, plus a spread of 2.50%. During the year ended December 31, 2014, this facility was assigned to and assumed by CSH Montreal, an unconsolidated joint venture, at which time the Company became the sole guarantor of the facility. The note was repaid in full during the year ended December 31, 2014.
Schedule of Debt Maturities
Scheduled debt maturities for each of the five years subsequent to December 31, 2014 and thereafter, are as follows (in thousands):
2015		$	47,022
2016			62,379
2017			310,493
2018			146,583
2019			1,353
Thereafter			53,170
			621,000
Debt discount			-2,581
Outstanding as of December 31, 2014, net of debt discount		$	618,419
Amortization of deferred financing costs was approximately $2.3 million, $1.8 million and $2.8 million for the years ended December 31, 2014, 2013, and 2012, respectively.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	10.    Derivative Instruments and Hedging Activities
	The Company used variable rate debt to finance the construction of student housing properties for the years ended December 31, 2014 and 2013. These debt obligations allow exposure to variability in cash flows due to fluctuations in interest rates. The Company utilizes derivative instruments (interest rate caps) to limit variability for a portion of the interest payments and to manage exposure to interest rate risk. The Company has two interest rate caps totaling a notional amount of $200 million. Both instruments have a strike rate of 2.5% with maturity dates of January 22, 2015 and July 22, 2015. As of December 31, 2014, the fair value of derivative contracts was insignificant.
	Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks, but do not meet the strict hedge accounting requirements. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly into earnings. The Company recorded an insignificant loss related to derivatives not designated in hedging relationships in earnings for the years ended December 31, 2014, 2013, and 2012.

Fair_Value_Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	11.    Fair Value Disclosures
	Fair value guidance for financial assets and liabilities that are recognized and disclosed in the consolidated financial statements on a recurring basis and nonfinancial assets on a nonrecurring basis establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are as follows:
	Level 1 — Observable inputs, such as quoted prices in active markets at the measurement date for identical, unrestricted assets or liabilities.
	Level 2 — Other inputs that are observable directly or indirectly, such as quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.
	Level 3 —  Unobservable inputs for which there is little or no market data and which the Company makes its own assumptions about how market participants would price the asset or liability.
	As of December 31, 2014 and 2013, the Company’s financial assets and liabilities carried at fair value on a recurring basis consisted of interest rate caps. As of December 31, 2014 and 2013, the fair value of the Company’s interest rate caps, valued using level 2 inputs, was approximately zero.
	Fair Value of Financial Instruments
	The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between market participants at the measurement date (exit price), other than in a forced sale or liquidation. In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest level input significant to the fair value measurement in its entirety. Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and considers factors specific to the asset or liability.
	Financial instruments consist primarily of cash, cash equivalents, restricted cash, student receivables, interest rate caps, accounts payable, mortgages, construction loans, Exchangeable Senior Notes, the line of credit and other debt. The carrying value of cash, cash equivalents, restricted cash, student receivables and accounts payable are representative of their respective fair values due to the short-term nature of these instruments. The estimated fair value of the Company’s revolving line of credit approximates the outstanding balance due to the frequent market based re-pricing of the underlying variable rate index. The estimated fair values of the Company’s mortgages, construction loans and Exchangeable Senior Notes were determined by comparing current borrowing rates and risk spreads to the stated interest rates and risk spreads. The weighted average interest rate for all borrowings was 3.65% and 4.23% at December 31, 2014 and 2013, respectively.
	The following is a summary of the fair value of the Company’s mortgages, construction loans payable, other debt and Exchangeable Senior Notes aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):
		Estimated Fair Value
	December 31, 2014	Quoted Prices in		Significant Other		Significant		Carrying Value
		Active Markets		Observable		Unobservable
		for Identical		Inputs		Inputs
		Assets and		(Level 2)		(Level 3)
		Liabilities
		(Level 1)
	Fixed-rate mortgage loans	$	-	$	164,808	$	-	$	163,341
	Variable-rate mortgage loans		-		16,467		-		16,613
	Construction loans		-		119,952		-		120,719
	Exchangeable Senior Notes		-		101,793		-		97,419
	Other Debt		-		3,014		-		2,827
	31-Dec-13
	Fixed-rate mortgage loans		-		161,379		-		165,393
	Construction loans		-		40,258		-		40,138
	Exchangeable Senior Notes		-		98,547		-		96,758
	Other Debt		-		2,671		-		2,694
	All of the Company’s nonrecurring valuations made in connection with property acquisitions in Note 6 and impairments in Note 4 used significant unobservable inputs and, therefore, fall under Level 3 of the fair value hierarchy.
	Fair Value Measurements of Investments in Unconsolidated Entities
	Assets measured at fair value on the accompanying consolidated balance sheets consist of joint venture investments related to HSRE I, HSRE V, HSRE VI and HSRE X (the “HSRE Investments”) and to the Company’s investment in CSH Montreal and land parcels that were written-down to estimated fair value at December 31, 2014. The valuation techniques and inputs used to develop the fair value estimates of the HSRE investments and certain land parcels are described in Note 4. Factors giving rise to the strategic repositioning, including results below expectations in original underwriting transactions and communication from the venture partner during the year ended December 31, 2014 about their desire to dispose of certain properties in the HSRE Investments in the near term, resulted in the Company’s determination that an other than temporary impairment existed. After the impairments were recorded, the carrying values of the Company’s HSRE Investments and investment in CSH Montreal were $15.1 million and $6.9 million, respectively. The Company engaged third-party specialists to assist them with the Company’s valuation of certain of the underlying properties in the HSRE Investments. An income approach was used to determine the fair value of the Company’s HSRE Investments. Inputs and assumptions included in the determination of fair value included the Company’s expectation of projected net operating income to be earned ranging from $1.0 million to $2.6 million and capital expenditures to be incurred at the underlying properties and capitalization rates ranging between 5.9% and 8.5%. The capitalization rates were determined based on the marketability of each of the properties and the extent to which the operations of the property has stabilized. For the Company’s investment in CSH Montreal, the Company used a discounted cash flow valuation technique to estimate the fair value of the Company’s investment. The discounted cash flows take into consideration current occupancy levels with revenue per available bed increasing in conjunction with occupancies growing up to 92% over a four year period, an expected exit value based on a 7.25% capitalization rate, and a 9.25% discount rate. The discount rate includes the Company’s belief that the properties have not stabilized yet, given the occupancy levels of the properties owned by CSH Montreal during its first year of operations. These valuation techniques involve Level 3 inputs in the fair value hierarchy, and the Company believes that the highest and best use of these properties continues to be for student housing.
	The table below aggregates the fair values of these assets by their level in the fair value hierarchy (in thousands):
		December 31, 2014
		Total		Level 1		Level 2		Level 3
	HSRE JV - I	$	212	$	-	$	-	$	212
	HSRE JV - V		-		-		-		-
	HSRE JV - VI		6,815		-		-		6,815
	HSRE JV - X		8,073		-		-		8,073
	CSH Montreal		6,947		-		-		6,947
	Land Parcels and Toledo		45,518		-		-		45,518
	Total assets	$	67,565	$	-	$	-	$	67,565
	HSRE JV - V		-4,500		-		-		-4,500
	Total liabilities	$	-4,500	$	-	$	-	$	-4,500

Earnings_per_Share

Earnings per Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	12.    Earnings per Share
	Basic earnings per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of the Company’s common stock outstanding during the period. All unvested stock-based payment awards are included in the computation of basic earnings per share. The computation of diluted earnings per share includes common stock issuable upon the conversion of Exchangeable Senior Notes and other potentially dilutive securities in the weighted average shares, unless the effect of their conversion is anti-dilutive in nature.
	Computations of basic and diluted income (loss) per share for the periods presented are as follows (in thousands, except per share data):
			Year Ended December 31,
			2014		2013		2012
	Basic earnings:
	Income (loss) from continuing operations		$	-154,380	$	749	$	6,510
	Preferred stock dividends			12,200		6,183		4,114
	Income (loss) from continuing operations attributable to noncontrolling interests			-1,166		-37		19
	Income (loss) from continuing operations attributable to common stockholders			-165,414		-5,397		2,377
	Income (loss) from discontinued operations			-9,576		489		3,908
	Income (loss) from discontinued operations attributable to noncontrolling interests			-67		3		27
	Income (loss) from discontinued operations attributable to common stockholders			-9,509		486		3,881
	Net income (loss) attributable to common stockholders		$	-174,923	$	-4,911	$	6,258
	Weighted average common shares and OP Units outstanding:
	Basic			65,102		59,984		34,781
	Incremental shares from assumed conversion (1)			-		434		436
	Diluted			65,102		60,418		35,217
	Basic and diluted earnings per share:
	Income (loss) from continuing operations attributable to  common stockholders		$	-2.54	$	-0.08	$	0.07
	Income (loss) from discontinued operations attributable to common stockholders			-0.15		-		0.11
	Net income (loss) attributable to common stockholders		$	-2.69	$	-0.08	$	0.18
		-1	The effect of the inclusion of all potentially dilutive securities for 2014 and 2013 would be anti-dilutive when computing diluted earnings per share. Therefore, the computation of both basic and diluted earnings per share is the same. For the years ended December 31, 2014 and 2013, shares issuable upon settlement of the exchange feature of the Exchangeable Senior notes were anti-dilutive and were not included in the computation of diluted earnings per share based on the “if-converted” method.

Equity

Equity	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	13. Equity
	Preferred Stock
	The Company’s 8.0% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) ranks senior to the Company’s common stock with respect to dividend rights and rights upon the voluntary or involuntary liquidation, dissolution or winding up of the Company’s affairs. The Company pays cumulative dividends on the Series A Preferred Stock from the date of original issue at a rate of 8.00% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual rate of $2.00 per share). Dividends on the Series A Preferred Stock are payable quarterly in arrears on or about the 15th day of January, April, July and October of each year.
	The Company may not redeem the Series A Preferred Stock prior to February 9, 2017, except in limited circumstances relating to the Company’s ability to qualify as a REIT. On or after February 9, 2017, the Company may, at its option, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends on such Series A Preferred Stock to, but not including, the date of redemption. The Series A Preferred Stock has no maturity date and is not subject to mandatory redemption or any sinking fund. Holders of shares of the Series A Preferred Stock will generally have no voting rights except for limited voting rights if the Company fails to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances.
	In February 2012, the Company completed an underwritten public offering of approximately 2.3 million shares of its Series A Preferred Stock, including approximately 0.3 million shares issued and sold pursuant to the exercise of the underwriters’ overallotment option in full to purchase additional shares of the Series A Preferred Stock. The shares of Series A Preferred Stock were issued at a public offering price of $25.00 per share, resulting in net proceeds of approximately $54.9 million, after deducting the underwriting discount and other estimated offering expenses of approximately $2.6 million. The Company used the net proceeds to repay approximately $48.9 million of indebtedness outstanding under two construction loans which had been used as partial funding for the four properties that were delivered for the 2011-2012 academic year. The Company used the remaining proceeds for general corporate purposes, including funding properties currently under development.
	In October 2013, the Company reopened its Series A Preferred Stock in an underwritten public offering of 3.8 million shares, including 0.4 million shares issued and sold pursuant to the partial exercise of the underwriters’ option to purchase additional shares of the Series A Preferred Stock. The shares of Series A Preferred Stock were issued at a public offering price of $25.0611 per share, resulting in net proceeds of approximately $91.3 million, after deducting the underwriting discount and other estimated offering expenses of approximately $4.0 million. The Company used the net proceeds, as well as the net proceeds from its issuance of Exchangeable Senior Notes (see Note 9), to repay approximately $46.8 million of indebtedness outstanding under three construction loans, to pay down the Credit Facility and for general corporate purposes.
	Common Shares and OP Units
	An OP Unit and a share of the Company’s common stock have essentially the same economic characteristics as they share equally in the net income (loss) and distributions of the Operating Partnership. An OP Unit may be tendered for redemption for cash or share of common stock; however, the Company has sole discretion and must have a sufficient amount of authorized common stock to exchange OP Units for shares of common stock on a one-for-one basis.
	In July 2012, the Company completed an underwritten public offering of approximately 7.5 million shares of common stock, including approximately 1.0 million shares issued and sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, resulting in net proceeds of approximately $72.2 million. The net proceeds were used to: (1) acquire the remaining ownership interests in The Grove at Moscow, Idaho and The Grove at Valdosta, Georgia that the Company did not already own, and to repay the mortgage debt secured by these properties; and (2) reduce borrowings outstanding under the Credit Facility. Remaining net proceeds were used for general corporate purposes.
	In March 2013, the Company completed an underwritten public offering of approximately 25.5 million shares of common stock, including approximately 3.3 million shares issued and sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, resulting in net proceeds of approximately $299.7 million. The net proceeds were used: (1) to fund the Company’s investment in the CB Portfolio and related transactional costs, including investment banking advisory fees; and (2) for general corporate purposes, including the repayment of debt.
	In April 2013, the Board of Directors of the Company approved Articles of Amendment to the Company’s Articles of Amendment and Restatement to increase the number of authorized shares of the Company to 550 million shares of stock, consisting of 500 million shares of common stock, $0.01 par value per share, and 50 million shares of preferred stock, $0.01 par value per share.
	In June 2013, the Company implemented an At-The-Market offering program under which the Company may sell at market price up to $100.0 million in shares of the Company’s common stock over the term of the program. At December 31, 2014, the Company had not issued and sold any shares under this program.
	As of December 31, 2014, there were approximately 65.1 million OP Units outstanding, of which approximately 64.7 million, or 99.3%, were owned by the Company and approximately 0.4 million, or 0.7%, were owned by other partners. As of December 31, 2014, the fair market value of the OP Units not owned by the Company was $2.9 million, based on a market value of $7.31 per unit, which was the closing price per share of the Company’s common stock on the New York Stock Exchange on December 31, 2014.
	The following is a summary of changes in the shares of the Company’s common stock for the periods shown (in thousands):
		For the Year Ended
		December 31, 2014		December 31, 2013
	Common shares at beginning of period		64,502		38,558
	Issuance of common shares		33		25,530
	Issuance of restricted shares		357		496
	Forfeiture of restricted shares		-150		-82
	Common shares at end of period		64,742		64,502
	The following is a summary of changes in the number of OP Units for the periods shown (in thousands):
		For the Year Ended
		December 31, 2014		December 31, 2013
	OP Units at beginning of period		434		436
	Redemption of OP Units		-33		-2
	OP Units at end of period		401		434
	Dividends and Distributions
	For the years ended December 31, 2014, 2013 and 2012, the Company declared dividends per common share and OP Unit of $0.585 totaling approximately $38.1 million, $0.66 totaling approximately $42.9 million, and $0.64 totaling approximately $22.6 million, respectively.
	For the years ended December 31, 2014 and 2013, the Company declared dividends per share of Series A Preferred Stock of $2.00 totaling approximately $12.2 million and $2.00 totaling approximately $6.5 million, respectively.
	On December 19, 2014, the Company’s Board of Directors declared a fourth quarter 2014 dividend of $0.090 per share of common stock and OP Unit. The dividends were paid on January 29, 2015, to stockholders of record on December 31, 2014. At December 31, 2014, the Company accrued approximately $5.9 million related to its common stock dividend in accounts payable and accrued expenses in the Company’s accompanying consolidated balance sheet.
	On December 19, 2014, the Company’s Board of Directors also declared a cash dividend of $0.50 per share of Series A Preferred Stock for the fourth quarter of 2014. The preferred stock dividend was paid on January 15, 2015, to stockholders of record on December 31, 2014. At December 31, 2014, the Company accrued approximately $3.1 million related to its preferred stock dividend in accounts payable and accrued expenses in the Company’s accompanying consolidated balance sheet.
	The following is a summary of the taxable nature of the Company’s dividends paid for the periods shown:
		For the Years Ended December 31,
		2014					2013					2012
		Per Share		%			Per Share		%			Per Share		%
	Common Stock:
	Ordinary Dividend	$	-		0	%	$	0.097		14.8	%	$	0.018		2.8	%
	Qualified Dividend		-		0	%		0.008		1.2	%		0.001		0.2	%
	Capital Gain		-		0	%		-		0	%		-		0	%
	Unrecaptured Sec. 1250		-		0	%		0.019		2.9	%		-		0	%
	Return of Capital		0.66		100	%		0.531		81.1	%		0.621		97	%
	Total	$	0.66		100	%	$	0.655		100	%	$	0.64		100	%
	Preferred Stock:
	Ordinary Dividend	$	-		0	%	$	1.565		78.3	%	$	1.272		92.7	%
	Qualified Dividend		-		0	%		0.128		6.4	%		0.1		7.3	%
	Capital Gain		-		0	%		-		0	%		-		0	%
	Unrecaptured Sec. 1250		-		0	%		0.307		15.3	%		-		0	%
	Return of Capital		2		100	%		-		0	%		-		0	%
	Total	$	2		100	%	$	2		100	%	$	1.372		100	%
	The Company has the right to accumulate and not pay dividends on the Series A Preferred Stock. If dividends on the Series A Preferred Stock are not paid, holders of our Common Stock will not receive any dividend distributions.

Incentive_Plans

Incentive Plans	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule Of Nonvested Share Activity [Text Block]	14.    Incentive Plans
	The Company has adopted the Amended and Restated Equity Incentive Compensation Plan (the “Incentive Plan”) which permits the grant of incentive awards to executive officers, employees, consultants and non-employee directors. The aggregate number of awards approved under the Incentive Plan is 5.3 million. As of December 31, 2014, and December 31, 2013, approximately 2.5 million and 0.3 million shares, respectively, were available for issuance under the Incentive Plan.
	Restricted Stock Awards
	Awards to executive officers and employees vest over a three year period and are subject to restriction based upon employment in good standing with the Company. Awards to non-employee directors vest over a three or five year period and are subject to restriction based upon continued service on the Board of Directors.
	At December 31, 2014, total unrecognized compensation cost related to restricted stock awards was approximately $2.9 million and is expected to be recognized over a remaining weighted average period of 1.3 years.
	During the year ended December 31, 2014, the Company recognized stock compensation expense of approximately $4.4 million (net of vesting forfeitures of approximately $0.2 million) and capitalized stock compensation expense of approximately $1.3 million. Included in this amount is stock compensation expense associated with accelerated vesting totaling $2.7 million related to severance, of which $2.2 million is included in severance expense and $0.5 million is included in income (loss) from discontinued operations. During the year ended December 31, 2013, the Company recognized stock compensation expense of approximately $1.9 million (net of vesting forfeitures of approximately $0.5 million) and capitalized stock compensation expense of approximately $0.9 million. During the year ended December 31, 2012, the Company recognized stock compensation expense of approximately $1.0 million (net of vesting forfeitures of approximately $0.1 million) and capitalized stock compensation expense of approximately $0.6 million.
	Restricted OP Units
	At December 31, 2014, the Company had no remaining unrecognized compensation cost related to restricted OP Units. During the year ended December 31, 2013, the Company recognized stock compensation expense related to the vesting of restricted OP Units of approximately $0.2 million and capitalized stock compensation expense of approximately $0.3 million. There were no forfeitures of restricted OP Units during 2014 and 2013.
	The following is a summary of the Company’s plan activity for the periods shown (in thousands, except weighted average grant price):
		Restricted		Restricted		Total		Weighted Avg
		Stock		OP Unit				Grant Price
	Unvested shares at beginning of period (carry-forward)		648		-		648	$	11.97
	Granted		357		-		357		9.01
	Vested		-613		-		-613		8.75
	Forfeited		-104		-		-104		9.66
	Unvested shares at December 31, 2014		288		-		288		11.28

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	15.    Related Party Transactions
	The Company leases aircraft from entities in which two of its former executive officers have an ownership interest. For the years ended December 31, 2014, 2013, and 2012, the Company incurred lease payments related to these entities of approximately $0.4 million, $0.2 million and $0.2 million, respectively. In addition to the minimum lease payments, the Company incurred related operating expenses in connection to the running of the aircrafts. For the years ended December 31, 2014, 2013, and 2012, the Company incurred operating costs of $2.5 million, $4.7 million and $3.9 million, respectively.
	The Company is party to an agreement with an initial term of five years with a subsidiary of an entity affiliated with its Executive Chairman and interim Chief Executive Officer pursuant to which it offers its tenants a program of insurance services and products. Pursuant to the agreement, the Company received an upfront payment of $100,000 and will receive fees for each tenant it referred that enrolls in the program. Additionally, the Company remits fees paid by the tenant for insurance services and products to the entity affiliated with its Executive Chairman and interim Chief Executive Officer. The Company is not the insurer for such insurance services and products sold. The Company remitted $1.3 million and $0.9 million for the years ended December 31, 2014 and 2013, respectively.

Segments

Segments	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	16.    Segments
	The operating segments in which management assesses performance and allocates resources are student housing operations and property management services. The Company’s segments reflect management’s resource allocation and performance assessment in making decisions regarding the Company. The Company’s student housing rental and student housing services revenues are aggregated within the student housing operations segment. Upon discontinuation of the construction and development operations of the business, the Company identified its two segments as student housing operations and property management services. All construction and development activities are reported in discontinued operations at December 31, 2014.
	The following tables set forth the Company’s segment information for the periods presented (in thousands):
		For the Year Ended December 31,
		2014		2013		2012
	Student Housing Operations:
	Revenues from external customers	$	105,492	$	91,250	$	74,091
	Operating expenses		75,904		63,351		53,856
	Income from wholly-owned student housing operations		29,588		27,899		20,235
	Severance expense		-700		-		-
	Impairment of unconsolidated entities		-57,789		-		-
	Effect of not exercising Copper Beech purchase option		-33,375		-		-
	Equity in earnings (losses) of unconsolidated enitites		-5,510		-3,727		361
	Operating income (loss)		-67,786		24,172		20,596
	Nonoperating expenses		-10,200		-10,529		-10,246
	Net income (loss)		-77,986		13,643		10,350
	Net income (loss) attributable to noncontrolling interest		-750		136		106
	Net income (loss) attributable to common stockholders	$	-77,236	$	13,507	$	10,244
	Depreciation and amortization	$	28,273	$	22,356	$	20,377
	Capital expenditures	$	188,495	$	142,167	$	111,167
	Investment in unconsolidated entities	$	259,740	$	324,838	$	22,555
	Total segment assets at end of period	$	1,165,523	$	1,132,371	$	691,671
	Property Management Services:
	Revenues from external customers	$	1,249	$	820	$	559
	Intersegment revenues		153		272		256
	Total revenues		1,402		1,092		815
	Operating expenses		3,983		2,638		2,107
	Operating loss		-2,581		-1,546		-1,292
	Nonoperating expenses		-		-		-
	Net loss		-2,581		-1,546		-1,292
	Net income (loss) attributable to noncontrolling interest		-25		-15		-12
	Net loss attributable to common stockholders	$	-2,556	$	-1,531	$	-1,280
	Depreciation and amortization	$	96	$	234	$	14
	Total segment assets at end of period	$	-	$	-	$	-
	Reconciliations:
	Total segment revenues	$	106,894	$	92,342	$	74,906
	Elimination of intersegment revenues		-153		-272		-256
	Total consolidated revenues	$	106,741	$	92,070	$	74,650
	Segment operating income (loss)	$	-70,367	$	22,626	$	19,304
	Interest expense		-16,156		-12,969		-11,545
	Impairment of land & pre-development costs		-31,927		-		-
	Write-off of corporate other assets		-15,110		-		-
	Severance expense		-5,459		-		-
	Corporate depreciation and amortization		-1,057		-		-
	Net unallocated expenses related to corporate overhead		-13,615		-11,049		-7,037
	Other income (expense)		42		1,414		6,144
	Income (loss) from continuing operations, before income tax benefit (expense)	$	-153,649	$	22	$	6,866
	Total segment assets	$	1,165,523	$	1,132,371	$	691,671
	Unallocated corporate assets and eliminations		11,288		50,308		4,649
	Total assets at end of period	$	1,176,811	$	1,182,679	$	696,320

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	17.    Commitments and Contingencies
	Commitments
	In the ordinary course of business, certain liens related to the construction of the student housing real estate property may be attached to the Company’s assets by contractors or suppliers. Campus Crest Construction, LLC, a wholly-owned subsidiary of the Company, is responsible as the general contractor for resolving these liens. There can be no assurance that the Company will not be required to pay amounts greater than currently recorded liabilities to settle these claims.
	The Company has properties that are subject to long-term ground leases. Typically, these properties are located on the campuses of colleges or universities. The Company has the right to encumber its leasehold interests with specific property mortgages for the purposes of constructing, remodeling or making improvements on or to these properties. Title to all improvements paid for and constructed on the land remains with the Company until the earlier of termination or expiration of the lease, at which time the title of any buildings constructed on the land will revert to the landlord. Should the Company decide to sell its leasehold interests during the initial term or any renewal terms, the landlord has a right of first refusal to purchase the interests for the same purchase price under the same terms and conditions as contained in the Company’s offer to sell its leasehold interests.
	Campus Crest leases space for its corporate headquarters office. Rent is recognized on a straight-line basis. Future minimum payments over the life of the Company’s corporate office lease and long-term ground leases subsequent to December 31, 2014 are as follows (in thousands):
	2015		$	1,293
	2016			1,304
	2017			1,320
	2018			1,309
	2019			1,327
	Thereafter			26,821	-1
	Total future minimum lease payments		$	33,374
		-1	The Company’s lease obligations total approximately $1.3 million per year through the year 2023. In addition to operating and office leases, the Company has ground leases that average $0.4 million per year through the year 2081.
	The Company paid rent related to its corporate headquarters office of $1.2 million, $0.9 million and $0.6 million for the years ended December 31, 2014, 2013 and 2012, respectively.
	The Company guarantees certain mortgage and construction loans and revolving credit facilities related to the Company’s unconsolidated joint ventures. As of December 31, 2014, the Company guarantees: up to 100% of $32.5 million of debt through May 2015 for HSRE I; up to 50% of $144.1 million of debt with varying maturity dates from March 2015 through September 2018 for HSRE V, HSRE VI and HSRE X; and up to 25% of $90.2 million of debt maturing in July 2016 related to HSRE IX. Of the amounts guaranteed for HSRE V, $13.3 million relates to a property that was sold on January 30, 2015, as described in Note 19. In connection with the guarantee for HSRE I, there is $3.0 million held in escrow that could be used to satisfy a portion of the amount potentially paid under the guarantee. Should there be an event of default in connection with this debt, the Company could be required to fund under these guarantees a maximum amount up to the percentage of the guaranteed amount of the balance of the debt outstanding as of December 31, 2014. The Company estimated the fair value of the guarantees to be approximately $9.4 million, $3.2 million of which relates to the Company's HSRE I investment and is netted against its investment and $6.2 million of which relates to the Company's HSRE V investment and is netted against the value of the investment to the extent the investment is reduced to zero. Following the reduction of the HSRE V investment to zero, a remaining accrual of $4.5 million is presented in other liabilities in the accompanying consolidated balance sheet as of December 31, 2014.
	In connection with the Company’s investment in CSH Montreal, the Company provides a guarantee of up to 50% of the outstanding balance of the acquisition and development credit facility (“CSH Montreal Debt”) of CAD 112.0 million ($96.8 million at December 31, 2014 exchange rate). As of December 31, 2014, the outstanding balance of the CSH Montreal Debt was CAD 101.8 million ($88.0 million at December 31, 2014 exchange rate), of which the Company guaranteed CAD 50.9 ($44.0 million at December 31, 2014 exchange rate). The term of the guarantee follows the term of the underlying debt, which matures on January 13, 2016, unless the twelve month extension, which is subject to lender approval, is exercised. The CSH Montreal debt is secured by, among other things, a first mortgage position on the real estate and improvements owned by CSH Montreal. The Company has estimated the fair value of this guarantee to be immaterial.
	Except as disclosed above, the Company does not expect that the borrowers will default on the underlying debt arrangements and accordingly the Company does not expect to be required to perform under the guarantees. In the event that the Company is required to perform under one of the guarantees, it believes the borrower’s assets collateralizing the debt would be sufficient to cover the maximum potential amount of future payments under the guarantee.
	Contingencies
	In the normal course of business, the Company is subject to claims, lawsuits and legal proceedings. In addition to the matters described below, the Company is involved in various routine legal proceedings arising in the ordinary course of business. Although the outcomes of such routine legal proceedings cannot be predicted with certainty, in the opinion of management, the ultimate resolution of such routine matters will not have a material adverse effect on the Company’s financial position or results of operations.
	On July 3, 2012, the Company and certain of its subsidiaries were named as defendants in a lawsuit filed with the 250th Judicial District Court in Travis County in Austin, Texas. The case arose from an accident at The Grove at Denton, located in Denton, Texas, in which a balcony of one of the units broke and three people were seriously injured. The claims in the lawsuit against Campus Crest and certain of its subsidiaries by the plaintiffs were settled in their entirety on July 29, 2014 without any admission of liability on the part of Campus Crest or its subsidiaries. The settlement, which is covered by the Company’s existing insurance coverage, did not have a material adverse effect on the Company’s financial position or results of operations.
	On January 21, 2015, the Company and certain of its subsidiaries were named as defendants in a lawsuit filed in the 7th Division of the Jefferson Circuit Court in Jefferson County in Louisville, Kentucky. The case arose from an individual who fell to his death at a construction site located at 2501 South 4th Street, Louisville, Jefferson County, Kentucky. Also named as co-defendants in the case are three other companies associated with the construction and/or employment of the deceased individual. The plaintiffs allege, among other things, the Company was negligent and/or allowed a dangerous or hazardous condition to exist on the premises. The plaintiffs’ initial complaint did not specify the amount of damages sought. The Company is presently reviewing the complaint, reviewing applicable law and venue, and preparing its responsive pleadings. Based upon the totality of the circumstances, including the existence of insurance coverage and anticipated indemnity from third-parties, the Company does not believe that the lawsuit, if adversely determined, would have a material adverse effect on the Company’s financial position or results of operation.
	The Company is not aware of any environmental liability with respect to the properties that could have a material adverse effect on the Company’s business, assets or results of operations. However, there can be no assurance that such a material environmental liability does not exist. The existence of any such material environmental liability could have an adverse effect on the Company’s financial position or results of operations and cash flows.

Quarterly_Financial_Informatio

Quarterly Financial Information	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	18.    Quarterly Financial Information (Unaudited)
	The information presented below represents the consolidated financial results for the periods presented. The results below differ from previously disclosed quarterly results due to certain reclassifications associated with discontinued operations during the periods presented. The sum of the quarterly income (loss) per share amounts may not equal the annual income per share amounts due primarily to changes in the number of common shares outstanding from quarter to quarter (in thousands, except per share data):
		Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2014		2014		2014		2014
	Total revenues(1)	$	24,711	$	24,990	$	24,839	$	32,201
	Operating income (loss)(1)		3,135		878		-120,526		-21,022
	Net income (loss)(1)		953		-486		-130,843		-33,580
	Net income (loss) attributable to common stockholders		-2,080		-3,547		-133,123		-36,173
	Net income (loss) attributable to common stockholders per share - basic and diluted	$	-0.03	$	-0.05	$	-2.06	$	-0.56
		Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2013		2013		2013		2013
	Total revenues	$	21,751	$	22,294	$	23,257	$	24,768
	Operating income		3,608		5,214		6,235		-3,480
	Net income (loss)		2,072		3,845		4,758		-9,437
	Net income (loss) attributable to common stockholders		911		2,676		3,582		-12,080	-2
	Net income (loss) attributable to common stockholders per share - basic and diluted	$	0.02	$	0.04	$	0.06	$	-0.19
	(1) Total revenues, operating income (loss) and net income (loss) for the three months ended September 30, 2014 and December 31, 2014 have been adjusted for the Company’s discontinuance of two immaterial non-GAAP policies. Effective August 2014, the Company recognizes revenue over an 11.5 month period to align with lease terms as opposed to a 12 month period. Effective August 2014, the Company recognizes turn costs as incurred as opposed to accruing turn costs throughout the academic year.
	(2) The purchase price allocation for the Company’s Copper Beech acquisition was finalized and all required adjustments are reflected in the Company’s fourth quarter information.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	19.    Subsequent Events
	In addition to certain matters discussed elsewhere in these notes, the Company noted the following subsequent events:
	Copper Beech Transaction
	On January 30, 2015, the Company and certain of its affiliates completed the acquisition (the “Initial Closing”) of (i) the Sellers’ remaining interests in 29 student housing properties of a portfolio consisting of 36 student housing properties, one undeveloped land parcel and a corporate office building (the “Copper Beech Portfolio”) and (ii) the Sellers’ remaining interests in Copper Beech at Ames, Iowa, pursuant to that certain Amendment (the “Second Amendment”) to the Company’s purchase and sale agreement with the former members (the “Sellers”) of Copper Beech Townhome Communities, LLC (“CBTC”) and Copper Beech Townhome Communities (PA), LLC (“CBTC PA” and, together with CBTC, “Copper Beech”).
	Pursuant to the terms of the Second Amendment, the Company agreed to acquire the Sellers’ remaining interests in each of the properties comprising the Copper Beech Portfolio other than Copper Beech Kalamazoo Phase 1, Copper Beech Kalamazoo Phase 2, Copper Beech Morgantown, Copper Beech Harrisonburg, Copper Beech Greenville and Copper Beech Parkway. Following the consummation of the Initial Closing, the Company holds a 100% interest in 27 of the properties in the Copper Beech Portfolio, an 85% interest in one property in the Copper Beech Portfolio, an 86% interest in one property in the Copper Beech Portfolio and a 48% interest in 4 of the properties in the Copper Beech Portfolio and has no ownership interests in 2 of the properties in the Copper Beech Portfolio and has a 100% interest in Copper Beech at Ames, Iowa. The Company expects to complete the acquisition of the Sellers’ interests in the remaining 2 properties in the Copper Beech Portfolio – Copper Beech San Marcos Phase 1 and Copper Beech IUP Buy – at such time as it obtains the requisite lender consents. The Company expects to obtain all such consents and to complete the acquisition of Copper Beech San Marco Phase 1 and Copper Beech IUP Buy on or before the end of the first quarter of 2015 (the date of completion of such acquisition is referred to herein as the “Second Closing Date”).
	As consideration for the additional interests acquired in the Initial Closing, the Company paid to the Sellers aggregate cash consideration of approximately $58.9 million and the Operating Partnership issued to the Sellers an aggregate of approximately 10.4 million limited partnership units of the Operating Partnership (“OP Units”). The remaining consideration pursuant to the Second Amendment, consisting of approximately $1.4 million in cash and approximately 2.0 million in OP Units, will be payable to the Sellers on the Second Closing Date. As of the date of this filing, the Company is evaluating the financial statement impact of this transaction.
	Sale of Assets
	On January 29, 2015, the Company sold a portfolio of six undeveloped land parcels to a leading student housing developer resulting in net sale proceeds of $28.4 million. The portfolio included parcels located in Alabama, Arizona, California, Florida, Michigan and Washington. The sale was a part of the Company's previously announced strategic initiative to improve liquidity and simplify the balance sheet by selling certain properties previously held for development. The Company disposed of the parcels through a rigorous sale process which resulted in noticeable demand from a wide spectrum of bidders with numerous offers received – including multiple portfolio offers. As a result of this transaction, a gain of $4.7 million was recognized during the three months ended March 31, 2015.
	On January 30, 2015, the Company sold its interest in the joint venture property, The Grove at Stillwater, OK for net sale proceeds of $2.9 million. No gain or loss was recognized.
	On February 9, 2015, the Company completed the sale of the Falcon 900, the corporate aircraft, resulting in net sale proceeds of $3.8 million. This asset is presented in other assets on the consolidated balance sheet as of December 31, 2014. No gain or loss was recognized.
	The Company expects to complete the sale of its interest in two joint venture properties, The Grove at Conway, AR with a sales price of $11 million, and The Grove at Lawrence, KS with a sales price of $13 million during the quarter ended June 30, 2015. The Company expects to recognize a gain on these transactions.
	Changes in Management
	On February 15, 2015, the Board of Directors of the Company appointed Aaron S. Halfacre, the Company’s Executive Vice President and Chief Investment Officer, to the additional role of President of the Company.
	On February 20, 2015, Angel Herrera tendered his resignation as Chief Operating Officer of the Company, effective on February 28, 2015.
	Covenant Renegotiation
	On February 25, 2015, the Company received a unanimously approved waiver under its amended credit facility that provides relief from certain financial covenants during a relief period that runs from December 31, 2014 until and including September 30, 2015. During the relief period the following new measurements will apply to covenant tests: Maximum Leverage Ratio of not greater than 0.65:1.00; Maximum Secured Debt Ratio of not greater than 47.5%; Minimum Fixed Charge Ratio of not less than 1.30:1.00; and a Dividend Payout Ratio of not more than 105.0% calculated on a pro forma basis that applies the current quarterly dividend of $0.090 on a trailing twelve month basis.
	Although the Company is currently in compliance with the terms of its Second Amended and Restated Credit Agreement, the Company’s Board has determined, based on an evaluation by management of the Company’s ability to satisfy all financial covenants in the credit agreement for the next four quarters, not to declare or pay dividends on its Common Stock or Series A Preferred Stock for the first quarter of 2015. In addition, the Board does not currently intend to declare or pay dividends on its Common Stock or Series A Preferred Stock for the remainder of 2015 unless the Company experiences sufficient improvement in its operating results, including successfully completing the sale of certain assets and enhancing our liquidity position by raising additional capital and/or refinancing its existing credit facilities.

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block]	Schedule III — Real Estate and Accumulated Depreciation as of December 31, 2014
	Amounts below are presented in thousands.
							Total Costs
					Costs
					Capitalized
					Subsequent to					Student										Year Placed
					Development					Housing				Accum.					Year	into Service
			Initial Cost		or Acquisition		Land			Properties		Total (1) (5)		Depr.		Encumbrances			Constructed	or Acquired
	Student Housing Properties
	The Grove at Asheville, NC		$	12,604	$	1,240	$	51		$	13,793	$	13,844	$	-5,349	$	-14,304		2005	2005
	The Grove at Carrollton, GA			13,294		1,200		1,104			13,390		14,494		-5,305		-14,101		2006	2006
	The Grove at Las Cruces, NM			16,025		5,648		1,098			20,575		21,673		-6,019		-14,573		2006	2006
	The Grove at Milledgeville, GA			14,543		1,484		942			15,085		16,027		-5,808		-15,640		2006	2006
	The Grove at Abilene, TX			16,962		785		1,361			16,386		17,747		-6,006			-2	2007	2007
	The Grove at Ellensburg, WA			20,827		532		1,483			19,876		21,359		-6,463		-15,845		2007	2007
	The Grove at Greeley, CO			19,971		3,078		1,454			21,595		23,049		-5,993		-14,945		2007	2007
	The Grove at Mobile I & II			33,094		1,608		150	-3		34,552		34,702		-10,754			-2	2007	2007
	The Grove at Nacogdoches, TX			18,604		1,317		1,188			18,733		19,921		-6,146		-16,857		2007	2007
	The Grove at Cheney, WA			18,788		383		1,347			17,824		19,171		-5,443			-2	2008	2008
	The Grove at Lubbock, TX			18,229		640		1,520			17,349		18,869		-5,361			-2	2008	2008
	The Grove at Stephenville, TX			17,100		411		1,250			16,261		17,511		-5,355			-2	2008	2008
	The Grove at Troy, AL			18,248		850		1,433			17,665		19,098		-5,637			-2	2008	2008
	The Grove at Waco, TX			17,566		692		1,094			17,164		18,258		-5,549			-2	2008	2008
	The Grove at Murfreesboro, TN			19,994		865		2,678			18,181		20,859		-4,938			-2	2009	2009
	The Grove at San Marcos, TX			24,126		622		1,791			22,957		24,748		-3,687			-2	2009	2009
	The Grove at Moscow, ID			25,731		269		1,839			24,161		26,000		-1,932			-2	2009	2012
	The Grove at Huntsville, TX			23,444		370		2,157			21,657		23,814		-2,233			-2	2010	2011
	The Grove at Statesboro, GA			25,349		770		1,621			24,498		26,119		-2,492		-18,100		2010	2011
	The Grove at Clarksville, TN			21,805		761		1,296			21,270		22,566		-2,626		-16,238		2011	2011
	The Grove at Ames, IA			22,834		417		1,919			21,332		23,251		-2,669			-2	2011	2011
	The Grove at Fort Wayne, IN			18,889		324		844			18,369		19,213		-2,387			-2	2011	2011
	The Grove at Columbia, MO			24,551		303		3,611			21,243		24,854		-2,694		-22,738		2011	2011
	The Grove at Valdosta, GA			29,381		427		1,562			28,246		29,808		-2,385			-2	2011	2012
	The Grove at Denton, TX			25,624		-		4,756			20,868		25,624		-843		-16,613		2011	2014
	The Grove at Auburn, AL			26,267		249		4,423			22,093		26,516		-1,987			-2	2012	2012
	The Grove at Flagstaff, AZ			34,125		3,613		6,970			30,768		37,738		-2,616			-2	2012	2012
	The Grove at Nacogdoches, TX - Phase II			7,718		163		401			7,480		7,881		-617		-		2012	2012
	The Grove at Orono, ME			28,499		1,577		1,373			28,703		30,076		-2,199			-2	2012	2012
	The Grove at Toledo, OH (4)			11,564		2,212		2,855			10,921		13,776		-923		-4,357		2013	2013
	The Grove at Fort Collins, CO			35,496		-51		75	-3		35,370		35,445		-1,575		-19,073		2013	2013
	The Grove at Muncie, IN			24,708		160		2,458			22,410		24,868		-1,125		-13,892		2013	2013
	The Grove at Pullman, WA			15,622		21,983		1,842			35,763		37,605		-805		-10,886		2013	2013
	The Grove at Flagstaff II, AZ			15,407		-190		3,322			11,895		15,217		-481			-2	2013	2013
	The Grove at Grand Forks, ND			34,476		-		2,196			32,280		34,476		-359		-12,474		2014	2014
	The Grove at Mt. Pleasant, MI			26,838		-		473			26,365		26,838		-311			-2	2014	2014
	The Grove at Slippery Rock, PA			30,448		-		1,097			29,351		30,448		-330		-16,031		2014	2014
	The Grove at Gainesville, FL			41,293		-		5,918			35,375		41,293		-401		-22,836		2014	2014
	Copper Beach at Ames, IA			31,206		-		3,091			28,115		31,206		-318		-21,170		2014	2014
	Total - student housing properties		$	881,250	$	54,712	$	76,043		$	859,919	$	935,962	$	-128,121	$	-300,673
		-1	Depreciable lives range from 5-40 years.
		-2	Property is collateral for the Company’s Amended Credit Facility.
		-3	Property encumbered by a ground lease.
		-4	Property is under re-development. See Note 6 to the accompanying consolidated financial statements.
		-5	Total aggregate cost for federal income tax purposes is approximately $994.1 million.
	The changes in the Company’s investment in real estate and related accumulated depreciation for each of the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands):
			December 31,
			2014		2013		2012
	Investment in real estate:
	Balance, beginning of year		$	716,285	$	669,387	$	512,227
	Acquisitions			25,642		13,801		-
	Improvements and development expenditures			194,795		106,806		158,175
	Asset disposals			-760		-1,283		-1,015
	Disposition of student housing properties			-		-67,702		-
	Impairment of student housing properties			-		-4,724		-
Balance, end of year		$	935,962	$	716,285	$	669,387
Accumulated depreciation:
Balance, beginning of year		$	102,356	$	97,820	$	76,164
Depreciation for the year			26,387		25,183		22,472
Asset disposals			-622		-933		-865
Disposition of student housing properties			-		-19,714		-
Other Reclassifications			-		-		49
Balance, end of year		$	128,121	$	102,356	$	97,820
Development in process			-		91,184		50,781
Land held for sale			38,105		-		-
Land held for investment			7,413		-		-
Investment in real estate, net		$	853,359	$	705,113	$	622,348

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation
	The accompanying consolidated financial statements, presented in U.S. dollars, have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and represent the Company’s financial position, results of operations and cash flows. Third-party equity interests in the Operating Partnership and a consolidated variable interest entity, Copper Beech at Ames, LLC, are reflected as non-controlling interests in the consolidated financial statements. The Company also has interests in unconsolidated real estate ventures which have ownership in several property owning entities that are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation, primarily related to discontinued operations associated with the asset dispositions discussed in Note 7.
Reclassification, Policy [Policy Text Block]	Reclassifications
	During the year ended December 31, 2014, the Company reclassified its development and construction services companies as discontinued operations due to its strategic repositioning initiatives (see Note 4). Accordingly, the Company has reclassified the results of these operations to “Income (loss) from discontinued operations” in the consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012. The development and construction services companies were included within the development, construction and management services segment in the Company’s prior year consolidated financial statements.
	In December 2013, the Company sold four wholly-owned properties: The Grove at Jacksonville, Alabama, The Grove at Jonesboro, Arkansas, The Grove at Wichita, Kansas, and The Grove at Wichita Falls, Texas. These four properties were included within the student housing operations segment in the prior year consolidated financial statements. Prior period amounts related to the December 2013 asset dispositions have also been reclassified as discontinued operations in the Company’s consolidated statement of operations and comprehensive income (loss).
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant assumptions and estimates are used by management in recognizing construction and development revenue (which is included in income (loss) from discontinued operations) under the percentage of completion method, useful lives of student housing properties, valuation of investment in real estate and investments in unconsolidated entities and land and property held for sale, initial valuation and underlying allocation of purchase price to newly acquired student housing properties, valuation allowance on deferred tax assets, determination of fair value for impairment assessments, determination of the effect of not exercising the Copper Beech option, fair value of guarantee obligations related to unconsolidated entities, allowance for doubtful accounts, insurance proceeds receivable from damaged assets, fair value of the debt and equity components of the exchangeable notes at the date of issuances and the fair value of financial assets and liabilities, including derivatives. Actual results may differ from previously estimated amounts and such differences may be material to the consolidated financial statements. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected prospectively in the periods in which they occur.
Investment In Real Estate [Policy Text Block]	Investment in Real Estate and Depreciation
	Investment in real estate is recorded at historical cost. Major improvements that extend the life of an asset are capitalized and depreciated over a period equal to the shorter of the life of the improvement or the remaining useful life of the asset. The cost of ordinary repairs and maintenance are charged to expense when incurred. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets as follows:
	Land improvements	15 years
	Buildings and leasehold improvements	10-40 years
	Furniture, fixtures and equipment	5-10 years
	The cost of buildings and improvements includes all pre-development, entitlement and project costs directly associated with the development and construction of a real estate project, which include interest, property taxes and the amortization of deferred financing costs recognized while the project is under construction, as well as certain internal costs related to the development and construction of the Company’s student housing properties. All costs are capitalized as development in process until the asset is ready for its intended use, which is typically at the completion of the project. Interest totaling approximately $6.3 million, $3.3 million, and $2.4 million was capitalized during the years ended December 31, 2014, 2013, and 2012 respectively.
	The Company capitalizes costs during the development of assets beginning with the determination that development of a future asset is probable until the asset, or a portion of the asset, is delivered and is ready for its intended use. During development efforts, the Company capitalizes all direct costs and indirect costs that have been incurred as a result of the development. These costs include interest and related loan fees, property taxes as well as other direct and indirect costs. The Company capitalizes interest costs for debt incurred for project specific financing and for capital contributions to equity method investees who utilize such funds for construction-related activities. Indirect project costs, which include personnel, office and administrative costs that are clearly associated with the Company’s development and redevelopment efforts, are capitalized. Indirect costs not clearly related to the acquisition, development, redevelopment and construction activity, including general and administrative expenses, are expensed in the period incurred. Capitalized indirect costs associated with the Company’s development activities were $10.8 million, $9.0 million, and $7.4 million for the years ended December 31, 2014, 2013, and 2012, respectively. All such costs are capitalized as development in process until the asset is delivered and ready for its intended use, which is typically at the completion of the project. Upon completion, costs are transferred into the applicable asset category and depreciation commences.
	Pre-development costs are capitalized when they are directly identifiable with the specific property and would be capitalized if the property were already acquired and acquisition of the property or an option to acquire the property is probable. Capitalized pre-development costs are expensed when management believes it is no longer probable that a contract will be executed and/or construction will commence. Because the Company frequently incurs these pre-development expenditures before a financing commitment and/or required permits and authorizations have been obtained, the Company will bear the risk of loss of these pre-development expenditures if financing cannot ultimately be arranged on acceptable terms or the Company is unable to successfully obtain the required permits and authorizations. As such, management evaluates the status of projects where the Company has not yet acquired the target property or where the Company has not yet commenced construction on a periodic basis and write-off any pre-development costs related to projects whose current status indicates the acquisition or commencement of construction is not probable. In 2013 and 2012, such write-offs are included within income (loss) from discontinued operations in the accompanying consolidated statements of operations and comprehensive income (loss). In 2014, such write-offs were included within impairment of land and pre-development costs in the accompanying consolidated statements of operations and comprehensive income. As of December 31, 2014, the Company had no capitalized pre-development costs related to development projects for which construction had not commenced and as of December 31, 2013, the Company deferred approximately $10.5 million in pre-development costs related to development projects for which construction had not commenced (see Note 4). As of December 31, 2014, the Company owned four strategically held land parcels that could be used for the development of four phase two properties with an aggregate bed count ranging from approximately 1,000 to 1,500 (unaudited), and twelve additional land parcels, six of which were sold in January 2015, with the remaining parcels expected to be sold during 2015. The costs associated with the four strategically held land parcels are included in land held for investment on the accompanying consolidated balance sheets. The costs associated with the parcels in which the Company intends to divest are included in land held for sale in the accompanying consolidated balance sheets.
	Management assesses whether there has been impairment in the value of the Company’s investment in real estate whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of investment in real estate is measured by a comparison of the carrying amount of a student housing property to the estimated future undiscounted cash flows expected to be generated by the property over the expected hold period. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of the property. The estimation of future undiscounted cash flows is inherently uncertain and relies on assumptions regarding current and future economic and market conditions. If such conditions change, then an adjustment reducing the carrying value of the Company’s long-lived assets could occur in the future period in which conditions change. To the extent that a property is impaired, the excess of the carrying amount of the property over its estimated fair value is recorded as an impairment charge. Fair value is determined based upon the discounted cash flows of the property, quoted market prices or independent appraisals, as considered necessary.
Property Acquisition [Policy Text Block]	Property Acquisitions
	Campus Crest allocates the purchase price of acquired properties to tangible and identified intangible assets and liabilities based on the fair values of these assets and liabilities for both consolidated entities and investments in unconsolidated entities. Fair value estimates are based on information obtained from independent appraisals, market data, information obtained during due diligence and information related to the marketing and leasing at the specific property. The value of in-place leases is based on the difference between (i) the property valued with existing in-place leases adjusted to market rental rates and (ii) the property valued “as-if” vacant. As lease terms are typically one year or less, rates on in-place leases generally approximate market rental rates. Factors considered in the valuation of in-place leases include an estimate of the carrying costs during the expected lease-up period considering current market conditions, nature of the tenancy and costs to execute similar leases. Carrying costs include estimates of lost rentals at market rates during the expected lease-up period, net of variable operating expenses. The value of in-place leases is amortized on a straight-line basis over the remaining initial term of the respective leases, generally less than one year. The purchase price of property acquisitions is not expected to be allocated to tenant relationships, considering the terms of the leases and the expected levels of renewals.
	Additionally, mortgage debt premiums and discounts represent fair value adjustments for the difference between the stated rates and market rates of mortgage debt assumed in connection with the Company’s acquisitions. The mortgage debt premiums and discounts are amortized to interest expense of the respective investee over the term of the related mortgage loans using the effective-interest method. The fair value debt and purchase accounting adjustments included in equity in earnings (loss) related to Copper Beech were approximately $6.5 million and $3.6 million for the years ended December 31, 2014 and 2013, respectively. Acquisition-related costs such as due diligence, legal, accounting and advisory fees are either expensed as incurred for acquisitions that are consolidated or capitalized for acquisitions accounted for under the equity method of accounting.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets – Held for Sale
	Long-lived assets to be disposed of are classified as held for sale in the period in which all of the following criteria are met:
		a.	Management, having the authority to approve the action, commits to a plan to sell the assets.
		b.	The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets.
		c.	An active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated.
		d.	The sale of the asset is probable, and transfer of asset is expected to qualify for recognition as a completed sale, within one year.
		e.	The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value.
		f.	Actions required to complete the plan indicate that it is unlikely that significant changes to the plans will be made or that the plan will be withdrawn.
	Concurrent with this classification, the land and property held for sale is recorded at the lower of cost or fair value less estimated selling costs, and depreciation ceases. As discussed in more detail in Note 4, the Company reduced the carrying amount of land and properties held for sale to their estimated fair value less estimated selling costs which resulted in an impairment charge.
Ground Leases [Policy Text Block]	Ground Leases
	Ground lease expense is recognized on a straight-line basis over the term of the related lease.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	In-Place Lease Intangible Assets
	In-place lease intangible assets are amortized on a straight-line basis over the average remaining term of the underlying leases, typically one year or less. Amortization expense was approximately $1.5 million, $0.7 million and $1.1 million for the years ended December 31, 2014, 2013 and 2012, respectively. The amortization of intangible assets is included in depreciation and amortization expense in the accompanying consolidated statements of operations and comprehensive income (loss).
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents, and Restricted Cash
	Campus Crest considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Restricted cash is excluded from cash for the purpose of preparing the consolidated statements of cash flows. The Company maintains cash balances in various banks. At times the Company’s balances may exceed the amount insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company does not believe this presents significant exposure for the business.
	Restricted cash includes escrow accounts held by lenders for the purpose of paying taxes, insurance and funding capital improvements. The Company’s funds in escrow are typically held in interest bearing accounts covered under FDIC insurance with applicable limits. At December 31, 2013, we held approximately $28.2 million with a qualified intermediary to facilitate a tax deferred Section 1031 like-kind exchange in conjunction with the disposition of four properties (see Note 7). Our funds in escrow are typically held in interest bearing accounts covered under FDIC insurance with applicable limits.
Deferred Financing Costs [Policy Text Block]	Deferred Financing Costs
	Campus Crest defers costs incurred in obtaining financing and amortizes these costs using the straight-line method, which approximates the effective interest method, over the expected terms of the related loans. Deferred financing costs as of December 31, 2014 and 2013 were approximately $11.7 million and $11.0 million, respectively, and accumulated amortization was approximately $4.8 million and $2.6 million, respectively. Upon repayment of the underlying debt agreement, any unamortized costs are charged to earnings. Deferred financing costs, net of accumulated amortization, are included in other assets
Noncontrolling Interests [Policy Text Block]	Noncontrolling Interests
	Noncontrolling interests represent the portion of equity in the Company’s consolidated subsidiaries which are not attributable to the Company’s stockholders. Accordingly, noncontrolling interests are reported as a component of equity, separate from stockholders’ equity, in the accompanying consolidated balance sheets. On the consolidated statements of operations and comprehensive income (loss), operating results are reported at their consolidated amounts, including both the amount attributable to the Company and to noncontrolling interests. See also “Consolidated Variable Interest Entity.”
Real Estate, Policy [Policy Text Block]	Real Estate Ventures
	Campus Crest holds interests in its properties, both under development and in operation, through interests in both consolidated and unconsolidated real estate ventures. The Company assesses its investments in real estate ventures to determine if a venture is a variable interest entity (“VIE”). Generally, an entity is determined to be a VIE when either (1) the equity investors (if any) lack one or more of the essential characteristics of a controlling financial interest, (2) the equity investment at risk is insufficient to finance that entity’s activities without additional subordinated financial support or (3) the equity investors have voting rights that are not proportionate to their economic interests and substantially all of the activities of the entity involve or are conducted on behalf of an investor that has disproportionately fewer voting rights. The Company consolidates entities that are VIEs for which the Company is determined to be the primary beneficiary. In instances where the Company is not the primary beneficiary, the Company does not consolidate the entity for financial reporting purposes. The primary beneficiary is the entity that has both (1) the power to direct the activities that most significantly impact the VIE’s economic performance and (2) the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Entities that are not defined as VIEs are consolidated where the Company is the general partner (or the equivalent) and the limited partners (or the equivalent) in such investments do not have rights which would preclude control.
	For entities where the Company is the general partner (or the equivalent), but do not control the real estate venture, and the other partners (or the equivalent) hold substantive participating rights, the Company uses the equity method of accounting. For entities where the Company is a limited partner (or the equivalent), management considers factors such as ownership interest, voting control, authority to make decisions and contractual and substantive participating rights of the partners (or the equivalent) to determine if the presumption that the general partner controls the entity is overcome. In instances where these factors indicate the Company controls the entity, the Company would consolidate the entity; otherwise the Company accounts for its investments using the equity method of accounting.
	Under the equity method of accounting, investments are initially recognized in the consolidated balance sheet at cost and are subsequently adjusted to reflect the Company’s proportionate share of net earnings or losses of the entity, distributions received, contributions and certain other adjustments, as appropriate. Any difference between the carrying amount of these investments on the Company’s balance sheet and the underlying equity in net assets is amortized as an adjustment to equity in earnings (loss) of unconsolidated entities. When circumstances indicate there may have been a loss in value of an equity method investment, and the Company determines the loss in value is other than temporary, the Company recognizes an impairment charge to reflect the investment at fair value (see Note 4).
Segment Reporting, Policy [Policy Text Block]	Segments
	The Company has identified two reportable business segments: (i) student housing operations and (ii) property management services. The Company evaluates the performance of its operating segments based on operating income (loss). All inter-segment sales pricing is based on current market conditions. Unallocated corporate amounts include general expenses associated with managing the Company’s two reportable operating segments. Prior to the third quarter of 2014, the Company’s segments consisted of student housing operations and construction, development and management services. Upon discontinuation of the construction and development operations of the business, the Company identified its two segments as student housing operations and property management services. All construction and development activities are reported in discontinued operations at December 31, 2014.
Student Housing Revenue [Policy Text Block]	Student Housing Revenue
	Students are required to execute lease contracts with payment schedules that vary from annual to monthly payments. The Company recognizes revenue on a straight-line basis over the term of the lease contracts which for new tenants is typically 11.5 months and for renewing tenants is typically 12 months. Generally, unless sufficient income can be verified, each executed contract is required to be accompanied by a signed parental/guardian guaranty. Amounts received in advance of the occupancy period or prior to the contractual due date are recorded as deferred revenues and included in other liabilities on the accompanying consolidated balance sheets.
Property Management Services [Policy Text Block]	Property Management Services
	Management fees are recognized when earned in accordance with each management contract. Incentive management fees are recognized when the incentive criteria are met.
Development Construction And Management Services [Policy Text Block]	Development and Construction Services
	Development and construction service revenue is recognized using the percentage of completion method, as determined by construction costs incurred relative to total estimated construction costs for each property under development and construction. For the purpose of applying this method, significant estimates are necessary to determine the percentage of completion as of the balance sheet date. This method is used because management considers total cost to be the best measure of progress toward completion of the contract. Any changes in significant judgments and/or estimates used in determining construction and development revenue could significantly change the timing or amount of construction and development revenue recognized.
	Development and construction service revenue is recognized for contracts with entities the Company does not consolidate. For projects where revenue is based on a fixed price, any cost overruns incurred during construction, as compared to the original budget, will reduce the net profit ultimately recognized on those projects. Profit derived from these projects is eliminated to the extent of the Company’s interest in the unconsolidated entity. Any incentive fees, net of the impact of the Company’s ownership interest if the entity is unconsolidated, are recognized when the project is complete and performance has been agreed upon by all parties, or when performance has been verified by an independent third party. When total development or construction costs at completion exceed the fixed price set forth within the related contract, such cost overruns are recorded as additional investment in the unconsolidated entity. Entitlement fees and arrangement fees, where applicable, are recognized when earned based on the terms of the related contracts.
	Costs and estimated earnings in excess of billings represents the excess of construction costs and profits recognized to date using the percentage of completion method over billings to date on certain contracts. Billings in excess of costs and estimated earnings represents the excess of billings to date over the amount of contract costs and profits recognized to date using the percentage of completion method on certain contracts. Total billings to date on such contracts totaled $49.3 million and $51.3 million as of December 31, 2014 and 2013, respectively. The Company expects to bill and collect the cost and estimated earnings in excess of billings in 2015.
Allowance For Doubtful Accounts [Policy Text Block]	Allowance for Doubtful Accounts
	Allowances for student receivables are maintained to reduce the Company’s receivables to the amount that management estimates to be collectible, which approximates fair value. The allowance is estimated based on past due balances not received on contractual terms, as well as historical collections experience and current economic and business conditions. When management has determined that receivables are uncollectible, they are written off against the allowance for doubtful accounts. Recoveries of accounts previously written off are recorded when received.
	The allowance for doubtful accounts is summarized as follows (in thousands):
			Year Ended December 31,
			2014		2013		2012
	Balance at beginning of period		$	539	$	121	$	246
	Charged to expense			3,249		3,432		1,728
	Write-offs			-3,329		-2,433		-1,853
	Sale of properties			-		-581		-
	Balance at end of period		$	459	$	539	$	121
Marketing and Advertising Costs [Policy Text Block]	Marketing and Advertising Costs
	Marketing and advertising costs are expensed during the period incurred and included in student housing and general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). Marketing and advertising expenses were $1.5 million, $1.5 million, and $1.3 million for the years ended December 31, 2014, 2013, and 2012, respectively.
Derivatives, Policy [Policy Text Block]	Derivative Instruments and Hedging Activities
	Campus Crest enters into interest rate cap and interest rate swap agreements to manage floating interest rate exposure with respect to amounts borrowed, or forecasted to be borrowed, under credit facilities. These contracts effectively exchange existing or forecasted obligations to pay interest based on floating rates for obligations to pay interest based on fixed rates. The Company had no interest rate swaps as of December 31, 2014.
	All derivative instruments are recognized as either assets or liabilities on the consolidated balance sheets at their respective fair values. Changes in fair value are recognized either in earnings or as other comprehensive income (loss), depending on whether the derivative has been designated as a cash flow hedge and whether it qualifies as part of a hedging relationship, the nature of the exposure being hedged and how effective the derivative is at offsetting movements in underlying exposure. The Company discontinues hedge accounting when: (i) it determines that the derivative is no longer effective in offsetting changes in the cash flows of a hedged item; (ii) the derivative expires or is sold, terminated or exercised; (iii) it is no longer probable that the forecasted transaction will occur; or (iv) management determines that designating the derivative as a hedging instrument is no longer appropriate. In situations in which hedge accounting is not initially designated, or is discontinued and a derivative remains outstanding, gains and losses related to changes in the fair value of the derivative instrument are recorded in current period earnings as a component of other income (expense) line item on the accompanying consolidated statements of operations and comprehensive income (loss). As of December 31, 2014 and 2013, the fair value of derivative contracts was insignificant.
Commitments and Contingencies, Policy [Policy Text Block]	Commitments and Contingencies
	Liabilities for loss contingencies, arising from claims, assessments, litigation, fines, penalties and other sources, are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes
	The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT under Sections 856 through 859 of the Internal Revenue Code. The Company’s qualification as a REIT depends upon its ability to meet on a continuing basis, through actual investment and operating results, various complex requirements under the Internal Revenue Code relating to, among other things, the sources of the Company’s gross income, the composition and values of the Company’s assets, the Company’s distribution levels and the diversity of ownership of its stock. The Company believes that it is organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code and that the Company’s intended manner of operation will enable it to meet the requirements for qualification and taxation as a REIT.
	As a REIT, the Company generally will not be subject to U.S. federal and state income tax on taxable income that it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal income tax at regular corporate rates and generally will be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Accordingly, the Company’s failure to qualify as a REIT could materially and adversely affect the Company, including its ability to make distributions to its stockholders in the future.
	Campus Crest has made the election to treat TRS Holdings, the Company’s subsidiary which holds the Company’s management companies (as well as the development and construction companies included within discontinued operations) that provide services to entities in which the Company does not own 100% of the equity interests, as a TRS. As a TRS, the operations of TRS Holdings and its subsidiaries are generally subject to federal, state and local income and franchise taxes. The Company’s TRS accounts for its income taxes in accordance with U.S. GAAP, which includes an estimate of the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. Deferred tax assets and liabilities of the TRS entities are recognized based on the difference between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates in effect in the years in which those temporary differences are expected to reverse.
	Campus Crest follows a two-step approach for evaluating uncertain tax positions. Recognition (step one) occurs when the Company concludes that a tax position, based solely on its technical merits, is more-likely-than-not (a likelihood of more than 50 percent) to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines a tax position no longer met the more-likely-than-not threshold of being sustained. The use of a valuation allowance as a substitute for de-recognition of tax positions is prohibited.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss)
	Comprehensive income (loss) includes net income (loss) and other comprehensive income (loss), which consists of unrealized gains (losses) on derivative instruments and foreign currency translation adjustments. Comprehensive income (loss) is presented in the accompanying consolidated statements of operations and comprehensive income (loss), and accumulated other comprehensive income (loss) is displayed as a separate component of stockholders’ equity.
Common Stock Issuance Costs [Policy Text Block]	Common Stock Issuances and Costs
	Specific incremental costs directly attributable to the Company’s equity offerings are deferred and charged against the gross proceeds of the offering. As such, underwriting commissions and other common stock issuance costs are reflected as a reduction of additional paid in capital. See Note 13 for an expanded discussion on common stock issuances and costs.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation
	The Company grants restricted stock and restricted Operating Partnership ("OP Unit”) awards that typically vest over either a three or five year period. A restricted stock or OP Unit award is an award of shares of the Company’s common stock or OP Units that are subject to restrictions on transferability and other restrictions determined by the Company’s compensation committee at the date of grant. A grant date generally is established for a restricted stock award or restricted OP Unit award upon approval from the Company’s compensation committee and Board of Directors. The restrictions may lapse over a specified period of employment or the satisfaction of pre-established criteria as the Company’s compensation committee may determine. Except to the extent restricted under the award agreement, a participant awarded restricted stock or OP Units has all the rights of a stockholder or OP Unit holder as to these shares or units, including the right to vote and the right to receive dividends or distributions on the shares or units. The fair value of the award generally is determined based on the market value of the Company’s common stock on the grant date and is recognized on a straight-line basis over the applicable vesting period for the entire award with cost recognized at the end of any period being at least equal to the shares that were then vested.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency
	Transactions denominated in foreign currencies are recorded in local currency at actual exchange rates at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet dates are reported at the rates of exchange prevailing at those dates. Any gains or losses arising on monetary assets and liabilities from a change in exchange rates subsequent to the date of the transaction have been included in discontinued operations, if resulting from operations within the Company’s development or construction service company, or other income (expense) in the accompanying consolidated statements of operations and comprehensive income (loss). As of December 31, 2014 and 2013, the Company had foreign currency exposure to the Canadian dollar. The aggregate transaction gains and losses included in the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2014 and 2013 were not significant.
	The financial statements of certain equity method investees and certain foreign subsidiaries are translated from their respective functional currencies into U.S. dollars using current and historical exchange rates. Translation adjustments resulting from this process are reported separately and included as a component of accumulated other comprehensive income (loss) in stockholders' equity in the accompanying consolidated balance sheets. Upon classification as held for sale, sale or liquidation of the Company’s investments, the translation adjustment would be reported as part of the gain or loss on classification, sale or liquidation. During the years ended December 31, 2014 and 2013, the Company recognized a foreign currency translation loss of approximately $2.6 million and $0.1 million, respectively, related to its investment in CSH Montreal, LP ("CSH Montreal”). Foreign currency translation loss is included in accumulated other comprehensive loss on the accompanying consolidated balance sheets and in comprehensive income (loss) in the accompanying consolidated statements of operations and comprehensive income (loss).
Insurance Premiums Revenue Recognition, Policy [Policy Text Block]	Insurance Recoveries
	Insurance recoveries are amounts due or received under the Company’s applicable insurance policies for asset damage and business interruption relating to the previously disclosed fire at The Grove at Pullman, Washington and to the damage at The Grove at Wichita Kansas, and The Grove at Wichita Falls, Texas. Business interruption recovery is recorded when realized and included as a reduction within student housing operations expenses within the consolidated statements of operations and comprehensive income (loss). For the year ended December 31, 2014 and 2013, the Company recognized approximately $1.2 million and $1.4 million, respectively of business interruption recovery. As of December 31, 2014 and 2013, the Company had a receivable for property damage of $5.5 million and $1.0 million, respectively.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Consolidated Variable Interest Entity
	During the year ended December 31, 2013, the Company entered into a variable interest entity ("VIE") with Copper Beech Townhome Communities, LLC ("CBTC") to develop, construct and manage a student housing property in Ames, Iowa (“Copper Beech at Ames”). The Company concluded that it is the primary beneficiary of Copper Beech at Ames as the Company funded all of the equity of this entity, resulting in the Copper Beech investor’s interest being deemed a de facto agent of Campus Crest. Therefore, the Company has consolidated the financial position and the results of operations of Copper Beech at Ames in the accompanying balance sheet, consolidated statements of operations and comprehensive income (loss). The Company recorded $1.3 million and $0.5 million in revenues and expenses, respectively, related to the VIE for the year ended December 31, 2014. The Company recorded $33.5 million in assets, $22.3 million in liabilities, and $5.6 million of noncontrolling interests on the accompanying consolidated balance sheet as of December 31, 2014. The creditors of the loan for Copper Beech at Ames do not have recourse to the assets of Campus Crest, nor is the Company required to provide financial support to Copper Beech at Ames. On January 30, 2015, in connection with the Copper Beech purchase transaction (see Note 19), the Company’s ownership interest in Copper Beech at Ames increased to a 100% interest.
Accounting Changes And Corrections [Policy Text Block]	Immaterial Correction
	During the year ended December 31, 2014, the Company was made aware of a tax liability at one of its properties that extends back to the year ended December 31, 2009.  The total impact of the tax liability is approximately $2.3 million, of which $0.4 million relates to 2014. The Company has adjusted the prior year consolidated financial statements presented herein to reflect the impact of this liability. For both the years ended December 31, 2013 and 2012, student housing operations expense on the consolidated statements of operations and comprehensive income (loss) has been increased by approximately $0.4 million, and accumulated deficit and distributions on the accompanying consolidated statement of changes in equity as of December 31, 2011 has been increased by $1.1 million.  In addition, accrued accounts payable on the consolidated balance sheet as of December 31, 2013 was increased by $1.9 million. No changes in net cash provided by operating activities in the accompanying consolidated statement of cash flows resulted from the immaterial correction to prior periods.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements
	In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 810)", which amends the consolidation requirements in ASC 810, “Consolidation”. ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (i) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities, (ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidated analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships and (iv) provide a scope exception for certain entities. ASU 2015-02 is effective for annual reporting periods beginning after December 15, 2015, and interim periods within those fiscal years. The Company is currently evaluating the provisions of this guidance and the impact is not known.
	In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" ("ASU 2014-08"). ASU 2014-08 changes the threshold for disclosing discontinued operations and the related disclosure requirements. Pursuant to ASU 2014-08, only disposals representing a strategic shift, such as a major line of business, a major geographical area or a major equity investment, should be presented as a discontinued operation. The guidance is to be applied prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted. The Company adopted ASU 2014-08 as of January 1, 2014.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers”. This ASU 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. This ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

Organization_and_Description_o1

Organization and Description of Business (Tables)	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Properties In Which Company Has Operating and Under Construction Interest [Table Text Block]	The Company’s portfolio consists of the following:
			Properties in
			Operation
	Wholly owned Grove properties			36
	Joint Venture Grove properties			11
	Total Grove Properties			47
	Joint Venture evo properties			3
	CB Portfolio			36
	Total Portfolio(1)			86
	______________
		-1	The Company’s 100% owned redevelopment property in Toledo, Ohio, which was acquired in March 2013 is excluded. As of December 31, 2014, this property was classified as an asset held for sale.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule Of Estimated Useful Lives Of Assets [Table Text Block]	Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets as follows:
	Land improvements	15 years
	Buildings and leasehold improvements	10-40 years
	Furniture, fixtures and equipment	5-10 years
Schedule Of Allowance For Doubtful Accounts Receivable [Table Text Block]	The allowance for doubtful accounts is summarized as follows (in thousands):
			Year Ended December 31,
			2014		2013		2012
	Balance at beginning of period		$	539	$	121	$	246
	Charged to expense			3,249		3,432		1,728
	Write-offs			-3,329		-2,433		-1,853
	Sale of properties			-		-581		-
	Balance at end of period		$	459	$	539	$	121

Student_Housing_Properties_Tab

Student Housing Properties (Tables)	12 Months Ended
	Dec. 31, 2014
Real Estate [Abstract]
Schedule Of Student Housing Properties Net [Table Text Block]	The following is a summary of the Company’s student housing properties, net for the periods presented (in thousands):
		December 31,
		2014		2013
	Land	$	76,043	$	58,439
	Buildings and improvements		781,739		597,141
	Furniture, fixtures and equipment		78,180		60,705
			935,962		716,285
	Less: accumulated depreciation		-128,121		-102,356
		$	807,841	$	613,929

Strategic_Repositioning_Initia1

Strategic Repositioning Initiatives (Tables)	12 Months Ended
	Dec. 31, 2014
Restructuring and Related Activities [Abstract]
Schedule of Severance Costs [Table Text Block]	Significant components of the severance accrual during 2014 are as follows (in thousands):
	Balance at January 1, 2014	$	-
	New charges		6,411
	Cash payments		-668
	Balance at December 31, 2014	$	5,743

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Table Text Block Supplement [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Significant components of the deferred tax assets and liabilities of the TRSs are as follows (in thousands):
		2014		2013
	Deferred tax assets:
	Solar investment tax credit	$	2,116	$	1,924
	Federal and state net operating loss		2,284		79
	Other		22		23
	Less: valuation allowance		-4,002		-484
	Total deferred tax assets		420		1,542
	Deferred tax liabilities:
	Deferred revenue		-		-260
	Depreciation and amortization		-420		-355
	Total deferred tax liabilities		-420		-615
	Net deferred tax assets	$	-	$	927
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Significant components of the Company’s income tax provision are as follows (in thousands):
		December 31,		December 31,		December 31,
		2014		2013		2012
	Current:
	Federal	$	-	$	-	$	150
	State		-		200		206
	Current expense		-		200		356
	Deferred:
	Federal		815		-885		-
	State		-84		-42		-
	Deferred expense (benefit)		731		-927		-
	Income tax expense (benefit)	$	731	$	-727	$	356

Business_Acquisitions_Tables

Business Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Schedule Of Purchase Price Allocations [Table Text Block]	The following table is an allocation of the purchase price (in thousands):
	Land	$	4,770
	Buildings and improvements		18,276
	Furniture, fixtures and equipment		2,284
	In-place leases		1,524
	Other		-377
	Fair value of debt at acquisition		-16,901
			9,576
	Less estimated fair value of interest owned prior to acquisition		-1,915
		$	7,661
	On March 2, 2013, the Company acquired 100% of the ownership interests in Campus Crest at Toledo, Ohio, a 382 unit and 629 bed property on the campus of the University of Toledo for approximately $13.8 million. The following table is an allocation of the purchase price (in thousands):
	Land	$	2,855
	In-place leases		469
	Buildings and improvements		9,496
	Furniture and fixtures		102
	Other		879
		$	13,801

Asset_Dispositions_and_Discont1

Asset Dispositions and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Below is a summary of the consolidated balance sheet for the construction and development operations for the years ended December 31, 2014 and 2013 (in thousands):
		December 31,
		2014		2013
	Cash	$	1,118	$	331
	Other assets		2,461		4,408
	Costs and earnings in excess of construction billings		3,887		42,803
	Total assets		7,466		47,542
	Accounts payable and accrued expenses		6,050		18,660
	Construction billings in excess of cost and earnings		481		600
	Total liabilities		6,531		19,260
	Total net assets	$	935	$	28,282
	Below is a summary of the results of operations for the construction and development operations for all periods presented (in thousands):
		Year Ended December 31,
		2014		2013		2012
	Revenue	$	24,383	$	50,249	$	53,736
	Construction and development service expense		-29,650		46,759		50,493
	Severance		-2,959		-		-
	Operating income (loss)		-8,226		3,490		3,243
	Depreciation and amortization		-		-		-
	Income (loss) from discontinued operations	$	-8,226	$	3,490	$	3,243
	Below is a summary of the results of operations for the properties through the date of disposition for all periods presented (in thousands):
		Year Ended December 31,
		2014		2013		2012
	Revenue	$	-	$	9,754	$	8,993
	Operating expenses		-		5,354		5,184
	Loss on sale of disposed assets		-1,350		-		-
	Operating income		-1,350		4,400		3,809
	Depreciation and amortization		-		2,672		3,144
	Net income	$	-1,350	$	1,728	$	665
	Impairment on discontinued operations		-		-4,729		-
	Income (loss) from discontinued operations	$	-1,350	$	-3,001	$	665

Investment_in_Unconsolidated_E1

Investment in Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Schedule of Unconsolidated Investments and Debt [Table Text Block]	The Company is the guarantor of the construction and mortgage debt or credit facilities of its joint ventures with HSRE and Beaumont. See Note 17. Details of the Company’s unconsolidated investments at December 31, 2014 are presented in the following table (dollars in thousands):
																Debt
																		Weighted
								Number of										Average
			Our			Year		Properties In		Total		Total  (5)		Net Total		Amount		Interest
	Unconsolidated Entities		Ownership			Founded		Operation		Investment		Impairment		Investment		Outstanding		Rate			Maturity Date / Range
	HSRE-Campus Crest I, LLC			63.9	%		2009		3	$	10,380	$	-10,168	$	212	$	32,485		2.67	-1%		5/9/15
	HSRE-Campus Crest V, LLC			10	%		2011		3		4,093		-4,093		-		49,614		2.89	-1%		4/20/2015-5/05/2015
	HSRE-Campus Crest VI, LLC			20	%		2012		3		15,089		-8,274		6,815		53,706		2.48	-1%		5/08/2015 – 12/19/2015
	HSRE-Campus Crest IX, LLC			30	%		2013		1		18,975		-		18,975		90,204		2.37	-1%		7/25/16
	HSRE-Campus Crest X, LLC			30	%		2013		2		12,307		-4,234		8,073		40,739		2.36	-1%		9/06/2016-9/30/2018
	CB Portfolio			48	-3%		2013		35		218,718		-		218,718		227,698		5.14	-2%		9/01/2015 – 10/01/2020
	CSH Montreal			47	-4%		2013		2		33,470		-26,523		6,947		87,970		6.39	-1%		1/13/16
	Total unconsolidated entities								49	$	313,032	$	-53,292	$	259,740	$	582,416		4.13	%
	-1	Variable interest rates.
	-2	Comprised of fixed rate debt.
	-3	As of December 31, 2014, the Company had a 48.0% ownership interest in the CB Portfolio.
	-4	As of January 2014, the Company’s ownership increased to 20.0% from 47.0% due to the acquisition of Holiday Inn Midtown in Montreal, Quebec. See discussion above.
	-5	During the year ended December 31, 2014, the Company recognized an impairment of unconsolidated entities of $57.8 million, of which $53.3 million reduced the carrying value of the investments and $4.5 million was recorded as a guarantee obligation in other liabilities in the accompanying consolidated balance sheet.
Equity Method Investment Summarized Financial Information Combined Financial Information [Table Text Block]	The following is a summary of the combined financial position of the Company’s unconsolidated entities with HSRE and Beaumont in their entirety, not only its interest in the entities, for the periods presented (in thousands):
			December 31,
			2014			2013
	Assets
	Student housing properties, net		$	437,108		$	289,797
	Development in process			7,429			81,994
	Other assets			12,947			15,341
	Total assets		$	457,484		$	387,132
	Liabilities and Equity
	Mortgage and construction loans		$	354,759		$	165,445
	Other liabilities			29,364			58,948
	Owners' equity			73,361			162,739
	Total liabilities and owners' equity		$	457,484		$	387,132
	Company's share of historical owners' equity		$	30,481		$	41,390
	Preferred investment(1)			7,322			16,468
	Net difference in carrying value of investment versus net book value of underlying net assets(2)			3,219			5,568
	Carrying value of investment in HSRE and other non-Copper Beech entities		$	41,022		$	63,426
	-1	As of December 31, 2014, the Company had Class B membership interests in The Grove at Indiana, Pennsylvania, The Grove at Greensboro, North Carolina, and The Grove at Louisville, Kentucky, of approximately $2.7 million, $2.7 million and $1.9 million, respectively, entitling the Company to a 9.0% return on its investment upon the respective property being operational. The Company also had, from January to September 2, 2014, a CAD 16 million ($13.8 million at December 31, 2014 exchange rate) Class A interest in CSH Holdings entitling it to a commitment fee of 1.0% of the Class A interest each quarter and a 10.0% annual return on its investment.
	-2	This amount represents the aggregate difference between the Company’s carrying amount and its underlying equity in the net assets of its investments, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the other than temporary impairments recorded during 2014 (see Note 4), the difference between the allocated value to acquired entity interests and the venture’s basis in those interests, the capitalization of additional investment in the unconsolidated entity, and the elimination of service related revenue to the extent of the Company’s percentage ownership.
Equity Method Investment Summarized Financial Information Statement Of Operation [Table Text Block]	The following is a summary of the operating results for the Company’s unconsolidated Copper Beech entities in their entirety, not only its interest in the entities. For the year ended December 31, 2014, this summary includes results for 28 properties from January 1, 2014 through August 18, 2014 and results for 35 unconsolidated properties from August 19, 2014 through December 31, 2014 (in thousands):
						Period from
			Year Ended			March 18, 2013 to
			December 31, 2014			December 31, 2013
	Revenues		$	83,108		$	67,545
	Expenses:
	Operating expenses			34,525			28,316
	Interest expense			13,152			11,852
	Depreciation and amortization			35,827			56,106
	Total expenses			83,504			96,274
	Net loss		$	-396		$	-28,729
Schedule of Equity in Losses in the CB Portfolio [Table Text Block]	The following table is the calculation of the Company’s equity in losses in the CB Portfolio for the year ended December 31, 2014 and for the period from March 18, 2013 to December 31, 2013. As there are several components of the calculation, set forth below are notes corresponding to the notes included in the Company’s calculation to further explain these components (in thousands).
			Year Ended			Period from
			December 31,			March 18, 2013 to
			2014			December 31, 2013
	Net loss incurred by the CB Portfolio based on the Company's purchase price (1)		$	-396		$	-28,729
	Campus Crest's share of net loss (2)			-606			-9,215
	Campus Crest percentage of preferred payment (3)			911			5,663
	Campus Crest earnings from Copper Beech			305			-3,552
	Amortization of basis difference (4)			-557			-264
	Total equity in earnings (loss) in the CB Portfolio		$	-252		$	-3,816
		-1	The basis of the financial statements of the CB Portfolio used in the calculation of the Company’s equity in earnings for the year ended December 31, 2014 was computed using the cost basis for its investment in the CB Portfolio’s underlying assets and liabilities for its properties at the dates the Company acquired its interests in the CB Portfolio. The calculation includes the effects of purchase price adjustments determined at the date the Company acquired its interests in the CB Portfolio.
	The Company consummated the acquisition of a 48.0% interest in 36 properties of the CB Portfolio. As a result of lender consents that were required to be obtained from various lenders to the CB Portfolio prior to its ownership, the Company completed its acquisition of the 48.0% interest in stages, which resulted in a variation in its ownership percentage from 25.3% to 48.0% in all 36 of the CB Portfolio operating properties from March 18, 2013 to September 30, 2013. Effective October 1, 2013, the Company and the CB Portfolio sellers amended the purchase and sale agreement, subject to receipt of all required third party consents, to increase the Company’s ownership interest by 19.0% in 28 of the 35 properties (thereby increasing its ownership in the 28 properties to 67%) in exchange for the Company’s 48.0% interest in seven of the properties (thereby reducing its ownership in the seven properties to 0%) and deferring the Company’s acquisition of any interests in two of the properties, plus a $20.2 million cash payment. Accordingly, the Company recognized its proportionate share of earnings of the CB Portfolio for the specific percentage of ownership interest it held during the applicable period, which was a 67.0% effective interest in the 28 properties during the first and second quarters of 2014 and through August 18, 2014. Due to the Company's decision not to exercise the first purchase option to acquire additional interests in the CB Portfolio, on August 19, 2014, the Company's ownership interest in all 35 unconsolidated operating properties in the CB Portfolio reverted to 48.0% and remained at 48.0% through December 31, 2014.
		-2	For the year ended December 31, 2014, the losses incurred from January 1, 2014 through August 18, 2014 while the Company held 67% ownership in 28 of the properties exceeded the income earned from August 19, 2014 through December 31, 2014 while the Company held 48% ownership in 36 properties.
		-3	The Company was entitled to a preferred payment for the first year of its investment and the proportionate share of the remaining operating cash flows in the CB Portfolio and it was currently entitled to its proportionate share of the operating cash flows in the CB Portfolio. During the period from March 18, 2013 to March 17, 2014, the Company was entitled to $13.0 million related to its preferred payment, all of which has been paid, and the Company received approximately $1.0 million in other distributions, as of December 31, 2014.
		-4	The Company recorded in the calculation of equity in losses in the CB Portfolio the amortization of the net difference in the Company’s carrying value of investment as compared to the underlying equity in net assets of the investee.
HSRE and DCV Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Summarized Financial Information Combined Financial Information [Table Text Block]	The following is a summary of the combined operating results for the Company’s unconsolidated entities with HSRE and Beaumont in their entirety, not only its interest in the entities, for the periods presented (in thousands):
			Year Ended December 31,
			2014			2013		2012
	Revenues		$	30,811		$	23,422	$	17,934
	Expenses:
	Operating expenses			21,846			17,434		9,665
	Interest expense			7,577			5,025		4,962
	Depreciation and amortization			11,091			6,304		4,807
	Total expenses			40,514			28,763		19,434
	Net loss		$	-9,703		$	-5,341	$	-1,500
Copper Beech [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Summarized Financial Information Statement Of Operation [Table Text Block]	The following is a summary of the financial position reflecting the cost basis of the Company’s investments in the Copper Beech entities in their entirety for the 35 and 28 unconsolidated properties in the CB Portfolio as of December 31, 2014 and December 31, 2013, respectively (in thousands):
			December 31,
			2014			2013
	Assets
	Student housing properties, net		$	906,614		$	748,280
	Intangible assets			7,212			37,100
	Other assets			14,293			5,201
	Total assets		$	928,119		$	790,581
	Liabilities and Equity
	Mortgage and construction loans		$	476,985		$	421,239
	Other liabilities			15,541			13,112
	Owners' equity			435,593			356,230
	Total liabilities and owners' equity		$	928,119		$	790,581
	Company's share of historical owners' equity		$	199,281		$	244,964
	Net difference in carrying value of investment versus net book value of underlying net assets(1)			19,437			16,628
	Carrying value of investment in unconsolidated entity		$	218,718		$	261,592
		-1	This amount represents the aggregate difference between the historical cost basis and the basis reflected at the entity level, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the impairment recognized in connection with not exercising the Copper Beech purchase option offset by the capitalization of transaction costs incurred to acquire the Company's interests in the Copper Beech entities.

Debt_Tables

Debt (Tables)	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule Of Mortgage Loans Construction Loans and Line Of Credit [Table Text Block]	The following is a summary of the Company’s mortgage and construction notes payable, the Credit Facility (defined below), Exchangeable Senior Notes (defined below), and other debt (in thousands):
			Year Ended December 31,
			2014		2013
	Fixed-rate mortgage loans		$	163,341	$	165,393
	Variable-rate mortgage loans			16,613		-
	Construction loans			120,719		40,138
	Line of credit			217,500		108,500
	Exchangeable senior notes			97,419		96,758
	Other debt			2,827		2,694
			$	618,419	$	413,483
Schedule Of Debt Instrument [Table Text Block]	Mortgage and construction loans for the periods presented consisted of the following (in thousands):
			Face Amount		Principal		Principal		Stated Interest Rate	Interest Rate at			Maturity Date	Amortization
					Outstanding at		Outstanding at			12/31/14			-1
					12/31/14		12/31/13
	Construction loans
	The Grove at Muncie		$	14,567	$	13,892	$	12,237	LIBOR + 225 BPS		2.42	%	7/3/15	Interest only
	The Grove at Slippery Rock			17,961		16,031		-	LIBOR + 215 BPS		2.32	%	6/21/16	Interest only
	The Grove at Fort Collins			19,073		19,073		17,228	LIBOR + 190 BPS		2.07	%	7/13/15	Interest only
	The Grove at Pullman			16,016		10,886		10,673	LIBOR + 220 BPS		2.37	%	9/5/15	Interest only
	The Grove at Grand Forks			16,916		12,474		-	LIBOR + 200 BPS		2.17	%	2/5/17	Interest only
	The Grove at Gainesville			30,069		22,836		-	LIBOR + 215 BPS		2.32	%	3/13/17	Interest only
	Copper Beech at Ames			23,551		21,170		-	LIBOR + 225 BPS		2.42	%	5/2/17	Interest only
	Toledo Vivo			9,404		4,357		-	LIBOR + 215 BPS		2.32	%	11/25/17	Interest only
	Mortgage loans
	The Grove at Denton			17,167		16,613		-	LIBOR + 215 BPS		2.32	%	3/1/17	30 years	-2
	The Grove at Milledgeville			16,250		15,640		15,847	6.12%		6.12	%	10/1/16	30 years	-2
	The Grove at Carrollton and The Grove at Las Cruces			29,790		28,674		29,052	6.13%		6.13	%	10/11/16	30 years	-2
	The Grove at Asheville			14,800		14,304		14,500	5.77%		5.77	%	4/11/17	30 years	-2
	The Grove at Ellensburg			16,125		15,845		16,070	5.10%		5.1	%	9/1/18	30 years	-3
	The Grove at Nacogdoches			17,160		16,857		17,100	5.01%		5.01	%	9/1/18	30 years	-3
	The Grove at Greeley			15,233		14,945		15,194	4.29%		4.29	%	10/1/18	30 years	-3
	The Grove at Clarksville			16,350		16,238		16,350	4.03%		4.03	%	7/1/22	30 years	-4
	The Grove at Columbia			23,775		22,738		23,180	3.83%		3.83	%	7/1/22	30 years	-2
	The Grove at Statesboro			18,100		18,100		18,100	4.01%		4.01	%	1/1/23	30 years	-5
					$	300,673	$	205,531
		-1	For the construction loans, the maturity date is the stated maturity date in the respective loan agreements, which can be extended for an additional one to two years, subject to the satisfaction of certain conditions, depending on the loan.
		-2	Loan requires monthly payments of principal and interest, plus certain reserve and escrows, until maturity when all principal is due.
		-3	Loan requires interest only payments plus certain reserves and escrows, payable monthly through September 2013. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
		-4	Loan requires interest only payments plus certain reserves and escrows, payable monthly through August 2014. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
		-5	Loan requires interest only payments plus certain reserves and escrows, payable monthly through January 2015. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled debt maturities for each of the five years subsequent to December 31, 2014 and thereafter, are as follows (in thousands):
	2015		$	47,022
	2016			62,379
	2017			310,493
	2018			146,583
	2019			1,353
	Thereafter			53,170
				621,000
	Debt discount			-2,581
	Outstanding as of December 31, 2014, net of debt discount		$	618,419

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The following is a summary of the fair value of the Company’s mortgages, construction loans payable, other debt and Exchangeable Senior Notes aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):
		Estimated Fair Value
	December 31, 2014	Quoted Prices in		Significant Other		Significant		Carrying Value
		Active Markets		Observable		Unobservable
		for Identical		Inputs		Inputs
		Assets and		(Level 2)		(Level 3)
		Liabilities
		(Level 1)
	Fixed-rate mortgage loans	$	-	$	164,808	$	-	$	163,341
	Variable-rate mortgage loans		-		16,467		-		16,613
	Construction loans		-		119,952		-		120,719
	Exchangeable Senior Notes		-		101,793		-		97,419
	Other Debt		-		3,014		-		2,827
	31-Dec-13
	Fixed-rate mortgage loans		-		161,379		-		165,393
	Construction loans		-		40,258		-		40,138
	Exchangeable Senior Notes		-		98,547		-		96,758
	Other Debt		-		2,671		-		2,694
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The table below aggregates the fair values of these assets by their level in the fair value hierarchy (in thousands):
		December 31, 2014
		Total		Level 1		Level 2		Level 3
	HSRE JV - I	$	212	$	-	$	-	$	212
	HSRE JV - V		-		-		-		-
	HSRE JV - VI		6,815		-		-		6,815
	HSRE JV - X		8,073		-		-		8,073
	CSH Montreal		6,947		-		-		6,947
	Land Parcels and Toledo		45,518		-		-		45,518
	Total assets	$	67,565	$	-	$	-	$	67,565
	HSRE JV - V		-4,500		-		-		-4,500
	Total liabilities	$	-4,500	$	-	$	-	$	-4,500

Earnings_per_Share_Tables

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Computations of basic and diluted income (loss) per share for the periods presented are as follows (in thousands, except per share data):
			Year Ended December 31,
			2014		2013		2012
	Basic earnings:
	Income (loss) from continuing operations		$	-154,380	$	749	$	6,510
	Preferred stock dividends			12,200		6,183		4,114
	Income (loss) from continuing operations attributable to noncontrolling interests			-1,166		-37		19
	Income (loss) from continuing operations attributable to common stockholders			-165,414		-5,397		2,377
	Income (loss) from discontinued operations			-9,576		489		3,908
	Income (loss) from discontinued operations attributable to noncontrolling interests			-67		3		27
	Income (loss) from discontinued operations attributable to common stockholders			-9,509		486		3,881
	Net income (loss) attributable to common stockholders		$	-174,923	$	-4,911	$	6,258
	Weighted average common shares and OP Units outstanding:
	Basic			65,102		59,984		34,781
	Incremental shares from assumed conversion (1)			-		434		436
	Diluted			65,102		60,418		35,217
	Basic and diluted earnings per share:
	Income (loss) from continuing operations attributable to  common stockholders		$	-2.54	$	-0.08	$	0.07
	Income (loss) from discontinued operations attributable to common stockholders			-0.15		-		0.11
	Net income (loss) attributable to common stockholders		$	-2.69	$	-0.08	$	0.18
		-1	The effect of the inclusion of all potentially dilutive securities for 2014 and 2013 would be anti-dilutive when computing diluted earnings per share. Therefore, the computation of both basic and diluted earnings per share is the same. For the years ended December 31, 2014 and 2013, shares issuable upon settlement of the exchange feature of the Exchangeable Senior notes were anti-dilutive and were not included in the computation of diluted earnings per share based on the “if-converted” method.

Equity_Tables

Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	The following is a summary of changes in the shares of the Company’s common stock for the periods shown (in thousands):
		For the Year Ended
		December 31, 2014		December 31, 2013
	Common shares at beginning of period		64,502		38,558
	Issuance of common shares		33		25,530
	Issuance of restricted shares		357		496
	Forfeiture of restricted shares		-150		-82
	Common shares at end of period		64,742		64,502
Changes In Shares of Operating Partnership Units [Table Text Block]	The following is a summary of changes in the number of OP Units for the periods shown (in thousands):
		For the Year Ended
		December 31, 2014		December 31, 2013
	OP Units at beginning of period		434		436
	Redemption of OP Units		-33		-2
	OP Units at end of period		401		434
Schedule of Dividends Payable [Table Text Block]	The following is a summary of the taxable nature of the Company’s dividends paid for the periods shown:
		For the Years Ended December 31,
		2014					2013					2012
		Per Share		%			Per Share		%			Per Share		%
	Common Stock:
	Ordinary Dividend	$	-		0	%	$	0.097		14.8	%	$	0.018		2.8	%
	Qualified Dividend		-		0	%		0.008		1.2	%		0.001		0.2	%
	Capital Gain		-		0	%		-		0	%		-		0	%
	Unrecaptured Sec. 1250		-		0	%		0.019		2.9	%		-		0	%
	Return of Capital		0.66		100	%		0.531		81.1	%		0.621		97	%
	Total	$	0.66		100	%	$	0.655		100	%	$	0.64		100	%
	Preferred Stock:
	Ordinary Dividend	$	-		0	%	$	1.565		78.3	%	$	1.272		92.7	%
	Qualified Dividend		-		0	%		0.128		6.4	%		0.1		7.3	%
	Capital Gain		-		0	%		-		0	%		-		0	%
	Unrecaptured Sec. 1250		-		0	%		0.307		15.3	%		-		0	%
	Return of Capital		2		100	%		-		0	%		-		0	%
	Total	$	2		100	%	$	2		100	%	$	1.372		100	%

Incentive_Plans_Tables

Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Share Activity [Table Text Block]	The following is a summary of the Company’s plan activity for the periods shown (in thousands, except weighted average grant price):
		Restricted		Restricted		Total		Weighted Avg
		Stock		OP Unit				Grant Price
	Unvested shares at beginning of period (carry-forward)		648		-		648	$	11.97
	Granted		357		-		357		9.01
	Vested		-613		-		-613		8.75
	Forfeited		-104		-		-104		9.66
	Unvested shares at December 31, 2014		288		-		288		11.28

Segments_Tables

Segments (Tables)	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables set forth the Company’s segment information for the periods presented (in thousands):
		For the Year Ended December 31,
		2014		2013		2012
	Student Housing Operations:
	Revenues from external customers	$	105,492	$	91,250	$	74,091
	Operating expenses		75,904		63,351		53,856
	Income from wholly-owned student housing operations		29,588		27,899		20,235
	Severance expense		-700		-		-
	Impairment of unconsolidated entities		-57,789		-		-
	Effect of not exercising Copper Beech purchase option		-33,375		-		-
	Equity in earnings (losses) of unconsolidated enitites		-5,510		-3,727		361
	Operating income (loss)		-67,786		24,172		20,596
	Nonoperating expenses		-10,200		-10,529		-10,246
	Net income (loss)		-77,986		13,643		10,350
	Net income (loss) attributable to noncontrolling interest		-750		136		106
	Net income (loss) attributable to common stockholders	$	-77,236	$	13,507	$	10,244
	Depreciation and amortization	$	28,273	$	22,356	$	20,377
	Capital expenditures	$	188,495	$	142,167	$	111,167
	Investment in unconsolidated entities	$	259,740	$	324,838	$	22,555
	Total segment assets at end of period	$	1,165,523	$	1,132,371	$	691,671
	Property Management Services:
	Revenues from external customers	$	1,249	$	820	$	559
	Intersegment revenues		153		272		256
	Total revenues		1,402		1,092		815
	Operating expenses		3,983		2,638		2,107
	Operating loss		-2,581		-1,546		-1,292
	Nonoperating expenses		-		-		-
	Net loss		-2,581		-1,546		-1,292
	Net income (loss) attributable to noncontrolling interest		-25		-15		-12
	Net loss attributable to common stockholders	$	-2,556	$	-1,531	$	-1,280
	Depreciation and amortization	$	96	$	234	$	14
	Total segment assets at end of period	$	-	$	-	$	-
	Reconciliations:
	Total segment revenues	$	106,894	$	92,342	$	74,906
	Elimination of intersegment revenues		-153		-272		-256
	Total consolidated revenues	$	106,741	$	92,070	$	74,650
	Segment operating income (loss)	$	-70,367	$	22,626	$	19,304
	Interest expense		-16,156		-12,969		-11,545
	Impairment of land & pre-development costs		-31,927		-		-
	Write-off of corporate other assets		-15,110		-		-
	Severance expense		-5,459		-		-
	Corporate depreciation and amortization		-1,057		-		-
	Net unallocated expenses related to corporate overhead		-13,615		-11,049		-7,037
	Other income (expense)		42		1,414		6,144
	Income (loss) from continuing operations, before income tax benefit (expense)	$	-153,649	$	22	$	6,866
	Total segment assets	$	1,165,523	$	1,132,371	$	691,671
	Unallocated corporate assets and eliminations		11,288		50,308		4,649
	Total assets at end of period	$	1,176,811	$	1,182,679	$	696,320

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum payments over the life of the Company’s corporate office lease and long-term ground leases subsequent to December 31, 2014 are as follows (in thousands):
	2015		$	1,293
	2016			1,304
	2017			1,320
	2018			1,309
	2019			1,327
	Thereafter			26,821	-1
	Total future minimum lease payments		$	33,374
		-1	The Company’s lease obligations total approximately $1.3 million per year through the year 2023. In addition to operating and office leases, the Company has ground leases that average $0.4 million per year through the year 2081.

Quarterly_Financial_Informatio1

Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	The sum of the quarterly income (loss) per share amounts may not equal the annual income per share amounts due primarily to changes in the number of common shares outstanding from quarter to quarter (in thousands, except per share data):
		Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2014		2014		2014		2014
	Total revenues(1)	$	24,711	$	24,990	$	24,839	$	32,201
	Operating income (loss)(1)		3,135		878		-120,526		-21,022
	Net income (loss)(1)		953		-486		-130,843		-33,580
	Net income (loss) attributable to common stockholders		-2,080		-3,547		-133,123		-36,173
	Net income (loss) attributable to common stockholders per share - basic and diluted	$	-0.03	$	-0.05	$	-2.06	$	-0.56
		Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2013		2013		2013		2013
	Total revenues	$	21,751	$	22,294	$	23,257	$	24,768
	Operating income		3,608		5,214		6,235		-3,480
	Net income (loss)		2,072		3,845		4,758		-9,437
	Net income (loss) attributable to common stockholders		911		2,676		3,582		-12,080	-2
	Net income (loss) attributable to common stockholders per share - basic and diluted	$	0.02	$	0.04	$	0.06	$	-0.19
	(1) Total revenues, operating income (loss) and net income (loss) for the three months ended September 30, 2014 and December 31, 2014 have been adjusted for the Company’s discontinuance of two immaterial non-GAAP policies. Effective August 2014, the Company recognizes revenue over an 11.5 month period to align with lease terms as opposed to a 12 month period. Effective August 2014, the Company recognizes turn costs as incurred as opposed to accruing turn costs throughout the academic year.
	(2) The purchase price allocation for the Company’s Copper Beech acquisition was finalized and all required adjustments are reflected in the Company’s fourth quarter information.

Organization_and_Description_o2

Organization and Description of Business (Details)	Dec. 31, 2014
Properties in Operation	47
Total Portfolio [Member]
Properties in Operation	86	[1]
Wholly owned Grove properties [Member]
Properties in Operation	36
Joint Venture Grove properties [Member]
Properties in Operation	11
Joint Venture evo properties [Member]
Properties in Operation	3
CB Portfolio [Member]
Properties in Operation	36
[1]	The Companybs 100% owned redevelopment property in Toledo, Ohio, which was acquired in March 2013 is excluded. As of December 31, 2014, this property was classified as an asset held for sale.

Organization_and_Description_o3

Organization and Description of Business (Details Textual)	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2013
Real Estate Investment Trust ,Percentage Of Distribute Of Income,Minimum	90.00%
Properties in Operation	47
Re Development Property		100.00%
Copper Beech [Member]
Properties in Operation	36
Trs Subsidiary [Member]
Equity Method Investment, Ownership Percentage	100.00%
Wholly owned Grove properties [Member]
Properties in Operation	36
Joint Venture Grove properties [Member]
Properties in Operation	11

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2014
Land Improvements [Member]
Property, Plant and Equipment, Useful Life	15 years
Buildings and Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Buildings and Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	40 years
Furniture, fixtures, and equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Furniture, fixtures, and equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	10 years

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Balance at beginning of period	$539	$121	$246
Charged to expense	3,249	3,432	1,728
Write-offs	-3,329	-2,433	-1,853
Sale of properties	0	-581	0
Balance at end of period	$459	$539	$121

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2014
Interest Costs Capitalized	$6,300,000	$3,300,000	$2,400,000
Real Estate Property, Capitalized Of Indirect Costs	10,800,000	9,000,000	7,400,000
Deferred Costs	10,500,000
Business Interruption Insurance Recovery	1,200,000	1,400,000
Marketing and Advertising Expense	1,500,000	1,500,000	1,300,000
Cost and earnings in excess of construction billings	3,887,000	42,803,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total	-2,564,000	-71,000	0
Variable Interest Entity, Measure of Activity, Revenues	1,300,000
Variable Interest Entity, Measure of Activity, Expense	500,000
Variable Interest Entity, Consolidated, Carrying Amount, Assets	33,500,000
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	22,300,000
Noncontrolling Interest in Variable Interest Entity	5,600,000
Insurance Settlements Receivable	5,500,000	1,000,000
Amortization of Intangible Assets	1,500,000	700,000	1,100,000
Deferred Finance Costs, Net	11,700,000	11,000,000
Revenue Recognition Under Lease Term Description	The Company recognizes revenue on a straight-line basis over the term of the lease contracts which for new tenants is typically 11.5 months and for renewing tenants is typically 12 months.
Restricted Cash and Cash Equivalents		28,200,000
Finite-Lived Intangible Assets, Accumulated Amortization	4,800,000	2,600,000
Minimum [Member]
Equity Method Investment, Ownership Percentage				20.00%
Maximum [Member]
Equity Method Investment, Ownership Percentage				47.00%
Finite-Lived Intangible Asset, Useful Life	1 year
Copper Beech [Member]
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value	6,500,000	3,600,000
Accounts Payable [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	1,900,000
Shareholders' Equity [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	1,100,000
Total Tax Liability [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	2,300,000
Tax Liability [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	400,000
Students Housing Operations [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	$400,000
Trs Subsidiary [Member]
Equity Method Investment, Ownership Percentage	100.00%

Student_Housing_Properties_Det

Student Housing Properties (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Land	$76,043	$58,439
Buildings and improvements	781,739	597,141
Furniture, fixtures and equipment	78,180	60,705
Student housing properties	935,962	716,285	669,387	512,227
Less: accumulated depreciation	-128,121	-102,356
Investment in real estate, net	$807,841	$613,929

Student_Housing_Properties_Det1

Student Housing Properties (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2013	Jan. 31, 2014
Amortization of Intangible Assets	$1,500,000	$700,000	$1,100,000
Proceeds from Insurance Settlement, Investing Activities	590,000	2,500,000	0
Campus Crest At Toledo Ohio [Member]
Equity Method Investment, Ownership Percentage				100.00%
Grove At Pullman [Member]
Loss Due To Fire On Property	$7,500,000
Harrison Street Real Estate [Member]
Equity Method Investment, Ownership Percentage					80.00%

Strategic_Repositioning_Initia2

Strategic Repositioning Initiatives (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Severance Costs [Line Items]
Balance at January 1, 2014	$0
New charges	6,411
Cash payments	-668
Balance at December 31, 2014	$5,743

Strategic_Repositioning_Initia3

Strategic Repositioning Initiatives (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Strategic Repositioning Initiatives [Line Items]
Other Asset Impairment Charges	$57,789,000	$0	$0
Severance Costs	6,159,000	0	0
Restricted Stock [Member]
Strategic Repositioning Initiatives [Line Items]
Severance Costs	2,700,000
Discontinued Operations [Member]
Strategic Repositioning Initiatives [Line Items]
Severance Costs	2,900,000
Operating Expense [Member]
Strategic Repositioning Initiatives [Line Items]
Severance Costs	6,200,000
Accounts Payable and Accrued Liabilities [Member]
Strategic Repositioning Initiatives [Line Items]
Severance Costs	5,700,000
Severance Costs Year One	4,300,000
Severance Costs Year Two	1,400,000
Land and pre-development costs [Member]
Strategic Repositioning Initiatives [Line Items]
Impairment of Real Estate	31,900,000
Corporate Infrastructure changes [Member]
Strategic Repositioning Initiatives [Line Items]
Other Asset Impairment Charges	15,100,000
CSH Montreal LP [Member]
Strategic Repositioning Initiatives [Line Items]
Impairment of Real Estate	26,500,000
Unconsolidated entities [Member]
Strategic Repositioning Initiatives [Line Items]
Impairment of Real Estate	57,800,000
HSRE Investments [Member]
Strategic Repositioning Initiatives [Line Items]
Impairment of Real Estate	$31,300,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred tax assets:
Solar investment tax credit	$2,116	$1,924
Federal and state net operating loss	2,284	79
Other	22	23
Less: valuation allowance	-4,002	-484
Total deferred tax assets	420	1,542
Deferred tax liabilities:
Deferred revenue	0	-260
Depreciation and amortization	-420	-355
Total deferred tax liabilities	-420	-615
Net deferred tax assets	$0	$927

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal	$0	$0	$150
State	0	200	206
Current expense	0	200	356
Deferred:
Federal	815	-885	0
State	-84	-42	0
Deferred expense (benefit)	731	-927	0
Income tax expense (benefit)	$731	($727)	$356

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	90.00%
Unrecognized Tax Benefits, Interest on Income Taxes Expense	$0	$0
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	3,500,000
Foreign Tax Authority [Member]
Operating Loss Carry Forwards Expiration Description	2034
Operating Loss Carryforwards	5,900,000
State and Local Jurisdiction [Member]
Operating Loss Carry Forwards Expiration Description	expire at various times between 2018 and 2034.
Operating Loss Carryforwards	$7,800,000	$1,300,000

Business_Acquisitions_Details

Business Acquisitions (Details) (USD $)	Mar. 02, 2013	Jan. 31, 2014
In Thousands, unless otherwise specified
Toledo Ohio [Member]
Land	$2,855
Buildings and improvements	9,496
Furniture and fixtures	102
In-place leases	469
Other	879
Business Acquisitions Costs Of Acquired Entity Purchase Price	13,801
Denton Texas Acquisition [Member]
Land		4,770
Buildings and improvements		18,276
Furniture and fixtures		2,284
In-place leases		1,524
Other		-377
Fair value of debt at acquisition		-16,901
Business Acquisitions Purchase Price Allocation Assets Acquired		9,576
Less estimated fair value of interest owned prior to acquisition		-1,915
Business Acquisitions Costs Of Acquired Entity Purchase Price		$7,661

Business_Acquisitions_Details_

Business Acquisitions (Details Textual)

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Jan. 31, 2014

Oct. 31, 2013

Sep. 30, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Feb. 28, 2013

Dec. 31, 2014

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Dec. 31, 2014

Dec. 31, 2013

Feb. 28, 2013

Jul. 31, 2013

Dec. 31, 2014

Sep. 30, 2013

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Mar. 31, 2013

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Cb Investors [Member]

Cb Investors [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Cb Portfolio Acquisition [Member]

Copper Beech [Member]

Copper Beech [Member]

Copper Beech [Member]

DCV Holdings, LP [Member]

CSH Montreal LP [Member]

Copper Beech Purchase Agreement [Member]

Copper Beech Purchase Agreement [Member]

March 18, 2014 to August 18, 2014 [Member]

May 2015 [Member]

May 2016 [Member]

Harrison Street Real Estate [Member]

Harrison Street Real Estate Campus Crest [Member]

Grove At Stateboro Georgia [Member]

Campus Crest At Toledo Ohio [Member]

USD ($)

USD ($)

USD ($)

USD ($)

Cb Investors [Member]

Cb Investors [Member]

Members Of Cbtc and Cbtc Pa [Member]

Non Member Investors [Member]

Purchase and Sale Agreement [Member]

USD ($)

USD ($)

USD ($)

CAD

USD ($)

USD ($)

Subsequent Event [Member]

Subsequent Event [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Business Acquisitions Costs Of Acquired Entity Purchase Price

$230,200,000

$13,800,000

Our Ownership

48.00%

52.00%

36.30%

11.70%

48.00%

47.00%

[1]

48.00%

80.00%

80.00%

20.00%

100.00%

Student Housing Properties Average Age In Year

8 years 2 months 12 days

Payments to Acquire Businesses, Gross

7,700,000

7,700,000

13,000,000

Due from Other Related Parties

31,700,000

Income (Loss) from Equity Method Investments

-5,510,000

-3,727,000

361,000

1,600,000

3,800,000

Investment Income, Interest

0

1,400,000

Business Combination, Acquisition Related Costs

3,000,000

1,100,000

4,000,000

16,900,000

Mortgage Loans on Real Estate, Interest Rate

8.50%

Business Combination, Consideration Transferred, Liabilities Incurred

106,700,000

21,000,000

19,000,000

Payment for investors fee

4,000,000

Business Combination, Contingent Consideration Arrangements, Description

Pursuant to the terms of the Amendment, following receipt of required third party consents, the Company will transfer its 48.0% interest in five properties in the Copper Beech Portfolio (Copper Beech Auburn, Copper Beech Kalamazoo Phase 1, Copper Beech Kalamazoo Phase 2, Copper Beech Oak Hill and Copper Beech Statesboro Phase 1) back to the CB Investors and defer the acquisition of the two Phase II development properties (Cooper Beech Mt. Pleasant Phase 2 and Cooper Beech Statesboro Phase 2) until August 18, 2014 as consideration for an additional 19.0% interest in each of the remaining 30 properties in the Copper Beech Portfolio (the “Initial Copper Beech Properties”). Following the transfer of such properties, the Company held a 67.0% interest in each of 30 properties in the Copper Beech Portfolio, with the CB Investors holding the remaining 33.0% interest.

Business Acquisitions price for exercise of option

16,900,000

93,500,000

100,700,000

53,400,000

Business Acquisition Percentage for exercise of option interest

18.00%

Repayment of outstanding principal balance

31,700,000

Payments to Acquire Interest in Joint Venture

60,000,000

Purchase Price Of Land

32,400,000

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Loss

300,000

Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value

1,900,000

Business Combination Separately Recognized Transactions Amortization Expense Recognized

1,500,000

Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized

3,900,000

Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized

1,000,000

Business Combination, Separately Recognized Transactions, Net Gains and Losses

$33,400,000

[1]

As of January 2014, the Companybs ownership increased to 20.0% from 47.0% due to the acquisition of Holiday Inn Midtown in Montreal, Quebec. See discussion above.

Asset_Dispositions_and_Discont2

Asset Dispositions and Discontinued Operations (Details) (Construction And Development Operations [Member], USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Construction And Development Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	$1,118	$331
Other assets	2,461	4,408
Costs and earnings in excess of construction billings	3,887	42,803
Total assets	7,466	47,542
Accounts payable and accrued expenses	6,050	18,660
Construction billings in excess of cost and earnings	481	600
Total liabilities	6,531	19,260
Total net assets	$935	$28,282

Asset_Dispositions_and_Discont3

Asset Dispositions and Discontinued Operations (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$0	$9,754	$8,993
Construction and development service expense	0	5,354	5,184
Operating income (loss)	-1,350	4,400	3,809
Depreciation and amortization	0	-2,672	-3,144
Income (loss) from discontinued operations	-9,576	489	3,908
Construction And Development Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	24,383	50,249	53,736
Construction and development service expense	-29,650	46,759	50,493
Severance	-2,959	0	0
Operating income (loss)	-8,226	3,490	3,243
Depreciation and amortization	0	0	0
Income (loss) from discontinued operations	($8,226)	$3,490	$3,243

Asset_Dispositions_and_Discont4

Asset Dispositions and Discontinued Operations (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$0	$9,754	$8,993
Operating expenses	0	5,354	5,184
Loss on sale of disposed assets	-1,350	0	0
Operating income	-1,350	4,400	3,809
Depreciation and amortization	0	2,672	3,144
Net income	-1,350	1,728	665
Impairment on discontinued operations	0	-4,729	0
Income (loss) from discontinued operations	($1,350)	($3,001)	$665

Asset_Dispositions_and_Discont5

Asset Dispositions and Discontinued Operations (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Combined Sale Price Of Property		$51,000,000
Proceeds from Sale of Productive Assets		48,600,000
Disposal Group Including Discontinued Operation Impairment On Discontinued Operation		4,700,000
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	($1,350,000)	$0	$0

Investment_in_Unconsolidated_E2

Investment in Unconsolidated Entities (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013	Aug. 18, 2014
Schedule of Equity Method Investments [Line Items]
Number of Properties, In Operations	49
Net Total Investment	$259,740		$324,838
Amount Outstanding	582,416
Debt, Weighted Average Interest Rate	4.13%
Total Impairment	-53,292	[1]
Total Investment	313,032
Cb Portfolio [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	48.00%	[2]		48.00%
Year Founded	2013
Number of Properties, In Operations	35
Net Total Investment	218,718
Amount Outstanding	227,698
Debt, Weighted Average Interest Rate	5.14%	[3]
Debt, Maturity Start Date	1-Sep-15
Debt, Maturity End Date	1-Oct-20
Total Impairment	0	[1]
Total Investment	218,718
HSRE Campus Crest I LLC [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	63.90%
Year Founded	2009
Number of Properties, In Operations	3
Net Total Investment	212
Amount Outstanding	32,485
Debt, Weighted Average Interest Rate	2.67%	[4]
Maturity Date	9-May-15
Total Impairment	-10,168	[1]
Total Investment	10,380
HSRE Campus Crest V LLC [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	10.00%
Year Founded	2011
Number of Properties, In Operations	3
Net Total Investment	0
Amount Outstanding	49,614
Debt, Weighted Average Interest Rate	2.89%	[4]
Debt, Maturity Start Date	20-Apr-15
Debt, Maturity End Date	5-May-15
Total Impairment	-4,093	[1]
Total Investment	4,093
HSRE Campus Crest VI LLC [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	20.00%
Year Founded	2012
Number of Properties, In Operations	3
Net Total Investment	6,815
Amount Outstanding	53,706
Debt, Weighted Average Interest Rate	2.48%	[4]
Debt, Maturity Start Date	8-May-15
Debt, Maturity End Date	19-Dec-15
Total Impairment	-8,274	[1]
Total Investment	15,089
HSRE Campus Crest IX LLC [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	30.00%
Year Founded	2013
Number of Properties, In Operations	1
Net Total Investment	18,975
Amount Outstanding	90,204
Debt, Weighted Average Interest Rate	2.37%	[4]
Maturity Date	25-Jul-16
Total Impairment	0	[1]
Total Investment	18,975
HSRE Campus Crest X LLC [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	30.00%
Year Founded	2013
Number of Properties, In Operations	2
Net Total Investment	8,073
Amount Outstanding	40,739
Debt, Weighted Average Interest Rate	2.36%	[4]
Debt, Maturity Start Date	6-Sep-16
Debt, Maturity End Date	30-Sep-18
Total Impairment	-4,234	[1]
Total Investment	12,307
CSH Montreal LP [Member]
Schedule of Equity Method Investments [Line Items]
Our Ownership	47.00%	[5]
Year Founded	2013
Number of Properties, In Operations	2
Net Total Investment	6,947
Amount Outstanding	87,970
Debt, Weighted Average Interest Rate	6.39%	[4]
Maturity Date	13-Jan-16
Total Impairment	-26,523	[1]
Total Investment	$33,470
[1]	During the year ended December 31, 2014, the Company recognized an impairment of unconsolidated entities of $57.8 million, of which $53.3 million reduced the carrying value of the investments and $4.5 million was recorded as a guarantee obligation in other liabilities in the accompanying consolidated balance sheet.
[2]	As of December 31, 2014, the Company had a 48.0% ownership interest in the CB Portfolio.
[3]	Comprised of fixed rate debt.
[4]	Variable interest rates.
[5]	As of January 2014, the Companybs ownership increased to 20.0% from 47.0% due to the acquisition of Holiday Inn Midtown in Montreal, Quebec. See discussion above.

Investment_in_Unconsolidated_E3

Investment in Unconsolidated Entities (Details 1) (USD $)	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Assets
Development in Process	$0		$91,184		$50,781
Liabilities and Equity
Carrying value of investment in HSRE and other non-Copper Beech entities	259,740		324,838
HSRE and DCV Holdings [Member]
Assets
Student housing properties, net	437,108		289,797
Development in Process	7,429		81,994
Other assets	12,947		15,341
Total assets	457,484		387,132
Liabilities and Equity
Mortgage and construction loans	354,759		165,445
Other liabilities	29,364		58,948
Ownersb equity	73,361		162,739
Total liabilities and owners' equity	457,484		387,132
Company's share of historical owners' equity	30,481		41,390
Preferred investment	7,322	[1]	16,468	[1]
Net difference in carrying value of investment versus net book value of underlying net assets	3,219	[2]	5,568	[2]
Carrying value of investment in HSRE and other non-Copper Beech entities	41,022		63,426
Copper Beech [Member]
Assets
Student housing properties, net	906,614		748,280
Intangible assets	7,212		37,100
Other assets	14,293		5,201
Total assets	928,119		790,581
Liabilities and Equity
Mortgage and construction loans	476,985		421,239
Other liabilities	15,541		13,112
Ownersb equity	435,593		356,230
Total liabilities and owners' equity	928,119		790,581
Company's share of historical owners' equity	199,281		244,964
Net difference in carrying value of investment versus net book value of underlying net assets	19,437	[3]	16,628	[3]
Carrying value of investment in HSRE and other non-Copper Beech entities	$218,718		$261,592
[1]	As of December 31, 2014, the Company had Class B membership interests in The Grove at Indiana, Pennsylvania, The Grove at Greensboro, North Carolina, and The Grove at Louisville, Kentucky, of approximately $2.7 million, $2.7 million and $1.9 million, respectively, entitling the Company to a 9.0% return on its investment upon the respective property being operational. The Company also had, from January to September 2, 2014, a CAD 16 million ($13.8 million at December 31, 2014 exchange rate) Class A interest in CSH Holdings entitling it to a commitment fee of 1.0% of the Class A interest each quarter and a 10.0% annual return on its investment.
[2]	This amount represents the aggregate difference between the Companybs carrying amount and its underlying equity in the net assets of its investments, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the other than temporary impairments recorded during 2014 (see Note 4), the difference between the allocated value to acquired entity interests and the venturebs basis in those interests, the capitalization of additional investment in the unconsolidated entity, and the elimination of service related revenue to the extent of the Companybs percentage ownership.
[3]	This amount represents the aggregate difference between the historical cost basis and the basis reflected at the entity level, which is typically amortized over the life of the related asset. The basis differential occurs primarily due to the impairment recognized in connection with not exercising the Copper Beech purchase option offset by the capitalization of transaction costs incurred to acquire the Company's interests in the Copper Beech entities.

Investment_in_Unconsolidated_E4

Investment in Unconsolidated Entities (Details 2) (USD $)	12 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
HSRE and DCV Holdings [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$30,811	$23,422	$17,934
Expenses:
Operating expenses	21,846	17,434	9,665
Interest expense	7,577	5,025	4,962
Depreciation and amortization	11,091	6,304	4,807
Total expenses	40,514	28,763	19,434
Net loss	-9,703	-5,341	-1,500
Copper Beech [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	83,108			67,545
Expenses:
Operating expenses	34,525			28,316
Interest expense	13,152			11,852
Depreciation and amortization	35,827			56,106
Total expenses	83,504			96,274
Net loss	($396)			($28,729)

Investment_in_Unconsolidated_E5

Investment in Unconsolidated Entities (Details 3) (USD $)	12 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Total equity in earnings (loss) in the CB Portfolio	($5,510)		($3,727)	$361
Cb Portfolio [Member]
Schedule of Equity Method Investments [Line Items]
Net loss incurred by the CB Portfolio based on the Company's purchase price	-396	[1]			-28,729	[1]
Campus Crest's share of net loss	-606	[2]			-9,215	[2]
Campus Crest percentage of preferred payment	911	[3]			5,663	[3]
Campus Crest earnings from Copper Beech	305				-3,552
Amortization of basis difference	-557	[4]			-264	[4]
Total equity in earnings (loss) in the CB Portfolio	($252)				($3,816)
[1]	The basis of the financial statements of the CB Portfolio used in the calculation of the Companybs equity in earnings for the year ended December 31, 2014 was computed using the cost basis for its investment in the CB Portfoliobs underlying assets and liabilities for its properties at the dates the Company acquired its interests in the CB Portfolio. The calculation includes the effects of purchase price adjustments determined at the date the Company acquired its interests in the CB Portfolio. The Company consummated the acquisition of a 48.0% interest in 36 properties of the CB Portfolio. As a result of lender consents that were required to be obtained from various lenders to the CB Portfolio prior to its ownership, the Company completed its acquisition of the 48.0% interest in stages, which resulted in a variation in its ownership percentage from 25.3% to 48.0% in all 36 of the CB Portfolio operating properties from March 18, 2013 to September 30, 2013. Effective October 1, 2013, the Company and the CB Portfolio sellers amended the purchase and sale agreement, subject to receipt of all required third party consents, to increase the Companybs ownership interest by 19.0% in 28 of the 35 properties (thereby increasing its ownership in the 28 properties to 67%) in exchange for the Companybs 48.0% interest in seven of the properties (thereby reducing its ownership in the seven properties to 0%) and deferring the Companybs acquisition of any interests in two of the properties, plus a $20.2 million cash payment. Accordingly, the Company recognized its proportionate share of earnings of the CB Portfolio for the specific percentage of ownership interest it held during the applicable period, which was a 67.0% effective interest in the 28 properties during the first and second quarters of 2014 and through August 18, 2014. Due to the Company's decision not to exercise the first purchase option to acquire additional interests in the CB Portfolio, on August 19, 2014, the Company's ownership interest in all 35 unconsolidated operating properties in the CB Portfolio reverted to 48.0% and remained at 48.0% through December 31, 2014.
[2]	For the year ended December 31, 2014, the losses incurred from January 1, 2014 through August 18, 2014 while the Company held 67% ownership in 28 of the properties exceeded the income earned from August 19, 2014 through December 31, 2014 while the Company held 48% ownership in 36 properties.
[3]	The Company was entitled to a preferred payment for the first year of its investment and the proportionate share of the remaining operating cash flows in the CB Portfolio and it was currently entitled to its proportionate share of the operating cash flows in the CB Portfolio. During the period from March 18, 2013 to March 17, 2014, the Company was entitled to $13.0 million related to its preferred payment, all of which has been paid, and the Company received approximately $1.0 million in other distributions, as of December 31, 2014.
[4]	The Company recorded in the calculation of equity in losses in the CB Portfolio the amortization of the net difference in the Companybs carrying value of investment as compared to the underlying equity in net assets of the investee.

Investment_in_Unconsolidated_E6

Investment in Unconsolidated Entities (Details Textual)

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Jan. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Dec. 31, 2014

Jan. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Aug. 18, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2013

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

USD ($)

USD ($)

USD ($)

January 1, 2014 through August 18, 2014 [Member]

August 19, 2014 through December 31, 2014 [Member]

Guarantee Obligations [Member]

Investment Type [Member]

Maximum [Member]

Minimum [Member]

Copper Beech Purchase Agreement [Member]

Copper Beech [Member]

Copper Beech [Member]

Canadian Dealer Offered Rate [Member]

Canadian Dealer Offered Rate [Member]

The Grove at Greensboro [Member]

The Grove at Louisville [Member]

Kentucky [Member]

Preferred Class B [Member]

Preferred Class A [Member]

Preferred Class A [Member]

HIM Holdings LP [Member]

HIM Holdings LP [Member]

HIM Holdings LP [Member]

HIM Holdings LP [Member]

CSH Montreal [Member]

CSH Montreal [Member]

CSH Montreal [Member]

CSH Montreal [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Cb Portfolio [Member]

Hsre Campus Crest Llc [Member]

Hsre Campus Crest Llc [Member]

Beaumont and Partners [Member]

USD ($)

USD ($)

USD ($)

USD ($)

January 1, 2014 through August 18, 2014 [Member]

August 19, 2014 through December 31, 2014 [Member]

Maximum [Member]

USD ($)

USD ($)

USD ($)

USD ($)

CAD

USD ($)

CAD

Maximum [Member]

Minimum [Member]

CAD

Maximum [Member]

Minimum [Member]

USD ($)

USD ($)

Maximum [Member]

Minimum [Member]

Copper Beech [Member]

Copper Beech [Member]

Maximum [Member]

Minimum [Member]

Schedule of Equity Method Investments [Line Items]

Equity method investment, ownership percentage

67.00%

48.00%

47.00%

20.00%

48.00%

47.00%

0.00%

60.50%

48.00%

[1]

48.00%

48.00%

25.30%

63.90%

49.90%

53.00%

Payments to Acquire Assets, Investing Activities

$4,700,000

$56,200,000

65,000,000

Interest from Joint Venture Properties

28

36

Return On Investment Of Properties

9.00%

39.50%

45.00%

Number of joint venture properties

28

35

36

35

28

Preferred Stock, Value, Issued

61,000

61,000

13,800,000

2,700,000

2,700,000

1,900,000

13,800,000

16,000,000

16,000,000

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum

3.00%

Debt Instrument, Basis Spread on Variable Rate

2.50%

3.39%

3.39%

1.00%

Impairment Of Unconsolidated Entities

57,800,000

Commitment Fee Percentage Each Quarter

1.00%

1.00%

Percentage Of Return On Investment

10.00%

10.00%

Fair Value, Option, Events Triggering Election, Effect on Earnings

33,400,000

Other Liabilities

22,092,000

11,167,000

4,500,000

53,300,000

Debt Instrument, Maturity Date

13-Jan-16

Net Cash Provided by (Used in) Operating Activities, Continuing Operations

24,600,000

16,400,000

Net Cash Provided by (Used in) Investing Activities, Continuing Operations

-4,400,000

24,200,000

Net Cash Provided by (Used in) Financing Activities, Continuing Operations

-17,700,000

9,100,000

Cash Distributions Available

13,000,000

Cash For Other Distributions

$1,000,000

[1]

As of December 31, 2014, the Company had a 48.0% ownership interest in the CB Portfolio.

Debt_Details

Debt (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Line of Credit Facility [Line Items]
Fixed-rate mortgage loans	$163,341	$165,393
Variable-rate mortgage loans	16,613	0
Construction loans	120,719	40,138
Line of credit	217,500	108,500
Exchangeable senior notes	97,419	96,758
Other debt	2,827	2,694
Long-Term Debt	$618,419	$413,483

Debt_Details_1

Debt (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Debt Instrument [Line Items]
Principal Outstanding	$300,673		$205,531
The Grove at Muncie [Member]
Debt Instrument [Line Items]
Face Amount	14,567
Principal Outstanding	13,892		12,237
Stated Interest Rate	LIBOR + 225 BPS
Interest Rate	2.42%
Maturity Date	3-Jul-15	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove at Slippery Rock [Member]
Debt Instrument [Line Items]
Face Amount	17,961
Principal Outstanding	16,031		0
Stated Interest Rate	LIBOR + 215 BPS
Interest Rate	2.32%
Maturity Date	21-Jun-16	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove at Fort Collins [Member]
Debt Instrument [Line Items]
Face Amount	19,073
Principal Outstanding	19,073		17,228
Stated Interest Rate	LIBOR + 190 BPS
Interest Rate	2.07%
Maturity Date	13-Jul-15	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove at Pullman [Member]
Debt Instrument [Line Items]
Face Amount	16,016
Principal Outstanding	10,886		10,673
Stated Interest Rate	LIBOR + 220 BPS
Interest Rate	2.37%
Maturity Date	5-Sep-15	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove at Grand Forks [Member]
Debt Instrument [Line Items]
Face Amount	16,916
Principal Outstanding	12,474		0
Stated Interest Rate	LIBOR + 200 BPS
Interest Rate	2.17%
Maturity Date	5-Feb-17	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove At Gainesville [Member]
Debt Instrument [Line Items]
Face Amount	30,069
Principal Outstanding	22,836		0
Stated Interest Rate	LIBOR + 215 BPS
Interest Rate	2.32%
Maturity Date	13-Mar-17	[1]
Mortgage Notes Payable Amortization Terms	Interest only
Copper Beech At Ames [Member]
Debt Instrument [Line Items]
Face Amount	23,551
Principal Outstanding	21,170		0
Stated Interest Rate	LIBOR + 225 BPS
Interest Rate	2.42%
Maturity Date	5-Feb-17	[1]
Mortgage Notes Payable Amortization Terms	Interest only
Toledo Vivo [Member]
Debt Instrument [Line Items]
Face Amount	9,404
Principal Outstanding	4,357		0
Stated Interest Rate	LIBOR + 215 BPS
Interest Rate	2.32%
Maturity Date	25-Nov-17	[1]
Mortgage Notes Payable Amortization Terms	Interest only
The Grove At Denton [Member]
Debt Instrument [Line Items]
Face Amount	17,167	[2]
Principal Outstanding	16,613	[2]	0	[2]
Stated Interest Rate	LIBOR + 215 BPS	[2]
Interest Rate	2.32%	[2]
Maturity Date	3-Jan-17	[1],[2]
Mortgage Notes Payable Amortization Terms	30 years	[2]
The Grove at Milledgeville [Member]
Debt Instrument [Line Items]
Face Amount	16,250	[2]
Principal Outstanding	15,640	[2]	15,847	[2]
Stated Interest Rate	6.12%	[2]
Interest Rate	6.12%	[2]
Maturity Date	1-Oct-16	[1],[2]
Mortgage Notes Payable Amortization Terms	30 years	[2]
The Grove at Carrollton and The Grove at Las Cruces [Member]
Debt Instrument [Line Items]
Face Amount	29,790	[2]
Principal Outstanding	28,674	[2]	29,052	[2]
Stated Interest Rate	6.13%	[2]
Interest Rate	6.13%	[2]
Maturity Date	11-Oct-16	[1],[2]
Mortgage Notes Payable Amortization Terms	30 years	[2]
The Grove at Asheville [Member]
Debt Instrument [Line Items]
Face Amount	14,800	[2]
Principal Outstanding	14,304	[2]	14,500	[2]
Stated Interest Rate	5.77%	[2]
Interest Rate	5.77%	[2]
Maturity Date	11-Apr-17	[1],[2]
Mortgage Notes Payable Amortization Terms	30 years	[2]
The Grove at Ellensburg [Member]
Debt Instrument [Line Items]
Face Amount	16,125	[3]
Principal Outstanding	15,845	[3]	16,070	[3]
Stated Interest Rate	5.10%	[3]
Interest Rate	5.10%	[3]
Maturity Date	1-Sep-18	[1],[3]
Mortgage Notes Payable Amortization Terms	30 years	[3]
The Grove at Nacogdoches [Member]
Debt Instrument [Line Items]
Face Amount	17,160	[3]
Principal Outstanding	16,857	[3]	17,100	[3]
Stated Interest Rate	5.01%	[3]
Interest Rate	5.01%	[3]
Maturity Date	1-Sep-18	[1],[3]
Mortgage Notes Payable Amortization Terms	30 years	[3]
The Grove at Greeley [Member]
Debt Instrument [Line Items]
Face Amount	15,233	[3]
Principal Outstanding	14,945	[3]	15,194	[3]
Stated Interest Rate	4.29%	[3]
Interest Rate	4.29%	[3]
Maturity Date	1-Oct-18	[1],[3]
Mortgage Notes Payable Amortization Terms	30 years	[3]
The Grove at Clarksville [Member]
Debt Instrument [Line Items]
Face Amount	16,350	[4]
Principal Outstanding	16,238	[4]	16,350	[4]
Stated Interest Rate	4.03%	[4]
Interest Rate	4.03%	[4]
Maturity Date	1-Jul-22	[1],[4]
Mortgage Notes Payable Amortization Terms	30 years	[4]
The Grove at Columbia [Member]
Debt Instrument [Line Items]
Face Amount	23,775	[2]
Principal Outstanding	22,738	[2]	23,180	[2]
Stated Interest Rate	3.83%	[2]
Interest Rate	3.83%	[2]
Maturity Date	1-Jul-22	[1],[2]
Mortgage Notes Payable Amortization Terms	30 years	[2]
The Grove at Statesboro [Member]
Debt Instrument [Line Items]
Face Amount	18,100	[5]
Principal Outstanding	$18,100	[5]	$18,100	[5]
Stated Interest Rate	4.01%	[5]
Interest Rate	4.01%	[5]
Maturity Date	1-Jan-23	[1],[5]
Mortgage Notes Payable Amortization Terms	30 years	[5]
[1]	For the construction loans, the maturity date is the stated maturity date in the respective loan agreements, which can be extended for an additional one to two years, subject to the satisfaction of certain conditions, depending on the loan.
[2]	Loan requires monthly payments of principal and interest, plus certain reserve and escrows, until maturity when all principal is due.
[3]	Loan requires interest only payments plus certain reserves and escrows, payable monthly through September 2013. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
[4]	Loan requires interest only payments plus certain reserves and escrows, payable monthly through August 2014. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.
[5]	Loan requires interest only payments plus certain reserves and escrows, payable monthly through January 2015. Thereafter, principal and interest, plus certain reserves and escrows, are payable monthly until maturity.

Debt_Details_2

Debt (Details 2) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
2015	$47,022
2016	62,379
2017	310,493
2018	146,583
2019	1,353
Thereafter	53,170
Long-Term Debt	621,000
Debt discount	-2,581
Outstanding as of December 31, 2014, net of debt discount	$618,419	$413,483

Debt_Details_Textual

Debt (Details Textual)

1 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Jun. 30, 2013

Jun. 30, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2014

Jan. 31, 2013

Dec. 31, 2014

Jan. 31, 2013

Dec. 31, 2014

Jan. 31, 2013

Jan. 31, 2013

Jan. 31, 2013

Jan. 31, 2013

USD ($)

CAD

USD ($)

USD ($)

USD ($)

Exchangeable Senior Notes [Member]

Exchangeable Senior Notes [Member]

Term Loan [Member]

Term Loan [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

USD ($)

USD ($)

USD ($)

Term Loan [Member]

Term Loan [Member]

USD ($)

USD ($)

Line of Credit [Member]

Minimum [Member]

Maximum [Member]

USD ($)

Debt Instrument [Line Items]

Leverage Ratio For Eurodollar Rate Based Borrowings

1.70%

2.45%

1.75%

2.50%

Leverage Ratio For Base Rate Based Borrowings

2.63%

0.70%

1.45%

2.68%

0.75%

1.50%

Line of Credit Facility, Current Borrowing Capacity

$50,000,000

Line of Credit Facility, Maximum Borrowing Capacity

3,400,000

300,000,000

Line of Credit Facility, Borrowing Capacity, Description

(a) the lesser of (i) 60.0% of the "as-is" appraised value of the Companys properties that form the borrowing base of the Amended Credit Facility and (ii) the amount that would create a debt service coverage ratio of not less than 1.5, and (b) 50% of the aggregate of the lesser of (i) the book value of each of the Companys development assets (as such term is defined in the Second Amended and Restated Credit Agreement) and (ii) the "as-is" appraised value of each of the Companys development assets, subject to certain limitations in the Second Amended and Restated Credit Agreement

Future Commitment Line Of Credit Facility Maximum Borrowing Capacity

600,000,000

Line Of Credit Facility Covenant Terms, Leverage Ratio, Maximum

0.65

1

Line Of Credit Facility Covenant Term, Fixed Charge Coverage Ratio, Minimum

1.3

1

Line Of Credit Facility Covenant Terms, Fixed Rate Debt and Debt, Subject To Hedge Agreements To Total Debt Minimum, Percentage

66.67%

Line Of Credit Facility Covenant Terms, Secured Recourse Debt Ratio, Maximum, Percentage

20.00%

Line Of Credit Facility Covenant Terms, Tangible Minimum

330,788,250

Line Of Credit Facility Covenant Terms, Percentage Of Net Proceeds Of Additional Equity Issuances

75.00%

Line Of Credit Facility Covenant Terms, Percentage Secured Debt Ratio Description

secured debt ratio of not greater than 47.5%

Line Of Credit Facility Covenant Terms, Percentage Of Distributions Of Funds From Operations

95.00%

Line of Credit Facility, Increase, Additional Borrowings

124,000,000

267,274,000

59,400,000

2,600,000

Proceeds from Unsecured Notes Payable

33,400,000

35,000,000

Debt Instrument, Interest Rate During Period

1.30%

Debt Instrument, Maturity Date

15-Oct-18

Debt Instrument, Basis Spread on Variable Rate

2.50%

Debt instrument Operating Partnership issued

100,000,000

Debt Instrument, Interest Rate, Effective Percentage

4.75%

Debt Instrument Shares Initial Exchange Rate

79.602

Debt Instrument, Face Amount

1,000

Debt Instrument, Common stock Percentage Of Exchange Price

$12.56

Amortization of Financing Costs

2,300,000

1,800,000

2,800,000

500,000

100,000

Description of revolving credit facility , average borrowings, interest rate

(i) 0.30% per annum if the Companys average borrowing is less than 50.0% of the total amount available or (ii) 0.25% per annum if the Companys average borrowing is greater than 50.0% of the total amount available.

Description On Exchangeable Senior Notes

i) during any calendar quarter beginning after December 31, 2013 (and only during such quarter) if the closing sale price of the common stock, $0.01 par value per share, of the Company is more than 130% of the then-current exchange price for at least 20 trading days (whether or not consecutive) in the period of the 30 consecutive trading days ending on the last trading day of the previous calendar quarter; ii) during the five consecutive business-day period following any five consecutive trading-day period in which the trading price per $1,000 principal amount of notes for each trading day during such five trading day period was less than 98% of the closing sale price of the common stock of Campus Crest, or Campus Crest common stock, for each trading day during such five trading-day period multiplied by the then current exchange rate; or iii) upon the occurrence of specified corporate transactions described in the indenture governing the Exchangeable Senior Notes. On or after July 15, 2018, and on or prior to the second scheduled trading day immediately preceding the maturity date, holders of the Exchangeable Senior Notes may exchange their notes without regard to the foregoing conditions

Long-Term Line Of Credit

$217,500,000

$108,500,000

$97,400,000

$50,000,000

$167,500,000

$50,000,000

$250,000,000

Line of Credit Facility, Commitment Fee Percentage

105.00%

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Details Textual) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
Interest Rate Cap One [Member]
Derivatives, Fair Value [Line Items]
Derivative, Maturity Date	22-Jul-15
Derivative, Cap Interest Rate	2.50%
Interest Rate Cap [Member]
Derivatives, Fair Value [Line Items]
Derivative, Maturity Date	22-Jan-15
Derivative Liability, Notional Amount	200
Derivative, Cap Interest Rate	2.50%

Fair_Value_Disclosures_Details

Fair Value Disclosures (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed-rate mortgage loans	$163,341	$165,393
Variable-rate mortgage loans	16,613	0
Construction loans	120,719	40,138
Exchangeable Senior Notes	97,419	96,758
Other Debt	2,827	2,694
Fair Value, Inputs, Level 1 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed-rate mortgage loans	0	0
Variable-rate mortgage loans	0
Construction loans	0	0
Exchangeable Senior Notes	0	0
Other Debt	0	0
Fair Value, Inputs, Level 2 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed-rate mortgage loans	164,808	161,379
Variable-rate mortgage loans	16,467
Construction loans	119,952	40,258
Exchangeable Senior Notes	101,793	98,547
Other Debt	3,014	2,671
Fair Value, Inputs, Level 3 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed-rate mortgage loans	0	0
Variable-rate mortgage loans	0
Construction loans	0	0
Exchangeable Senior Notes	0	0
Other Debt	$0	$0

Fair_Value_Disclosures_Details1

Fair Value Disclosures (Details 1) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Assets	$67,565
Total liabilities	-4,500
Harrison Street Real Estate Capital I [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	212
Harrison Street Real Estate Capital V [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Total liabilities	-4,500
Harrison Street Real Estate Capital VI [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	6,815
Harrison Street Real Estate Capital X [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	8,073
CSH Montreal LP [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	6,947
Land Parcels and Toledo [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	45,518
Fair Value, Inputs, Level 1 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Assets	0
Total liabilities	0
Fair Value, Inputs, Level 1 [Member] | Harrison Street Real Estate Capital I [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 1 [Member] | Harrison Street Real Estate Capital V [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Total liabilities	0
Fair Value, Inputs, Level 1 [Member] | Harrison Street Real Estate Capital VI [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 1 [Member] | Harrison Street Real Estate Capital X [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 1 [Member] | CSH Montreal LP [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 1 [Member] | Land Parcels and Toledo [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Assets	0
Total liabilities	0
Fair Value, Inputs, Level 2 [Member] | Harrison Street Real Estate Capital I [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | Harrison Street Real Estate Capital V [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Total liabilities	0
Fair Value, Inputs, Level 2 [Member] | Harrison Street Real Estate Capital VI [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | Harrison Street Real Estate Capital X [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | CSH Montreal LP [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 2 [Member] | Land Parcels and Toledo [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Fair Value, Inputs, Level 3 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total Assets	67,565
Total liabilities	-4,500
Fair Value, Inputs, Level 3 [Member] | Harrison Street Real Estate Capital I [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	212
Fair Value, Inputs, Level 3 [Member] | Harrison Street Real Estate Capital V [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	0
Total liabilities	-4,500
Fair Value, Inputs, Level 3 [Member] | Harrison Street Real Estate Capital VI [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	6,815
Fair Value, Inputs, Level 3 [Member] | Harrison Street Real Estate Capital X [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	8,073
Fair Value, Inputs, Level 3 [Member] | CSH Montreal LP [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	6,947
Fair Value, Inputs, Level 3 [Member] | Land Parcels and Toledo [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Investments,Fair Value Disclosure	$45,518

Fair_Value_Disclosures_Details2

Fair Value Disclosures (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt, Weighted Average Interest Rate	3.65%	4.23%
Equity Method Investments	$259,740,000	$324,838,000
Harrison Street Real Estate Capital [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Equity Method Investments	15,100,000
Harrison Street Real Estate Capital [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Inputs, Cap Rate	8.50%
Fair Value Input Expected Net Operating Income	2,600,000
Harrison Street Real Estate Capital [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Inputs, Cap Rate	5.90%
Fair Value Input Expected Net Operating Income	1,000,000
CSH Montreal LP [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Equity Method Investments	$6,900,000
CSH Montreal LP [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value Inputs, Cap Rate	7.25%
Fair Value Inputs Percentage Of Revenue Growth Per Bed	92.00%
Fair Value Inputs, Discount Rate	9.25%
Fair Value Measurements, Valuation Techniques	discounted cash flow

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended									12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013		Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Basic earnings:
Income (loss) from continuing operations										($154,380)		$749		$6,510
Preferred stock dividends										12,200		6,183		4,114
Income (loss) from continuing operations attributable to noncontrolling interests										-1,166		-37		19
Income (loss) from continuing operations attributable to common stockholders										-165,414		-5,397		2,377
Income (loss) from discontinued operations										-9,576		489		3,908
Income (loss) from discontinued operations attributable to noncontrolling interests										-67		3		27
Income (loss) from discontinued operations attributable to common stockholders										-9,509		486		3,881
Net income (loss) attributable to common stockholders	($36,173)	($133,123)	($3,547)	($2,080)	($12,080)	[1]	$3,582	$2,676	$911	($174,923)		($4,911)		$6,258
Weighted average common shares and OP Units outstanding:
Basic										65,102		59,984		34,781
Incremental shares from assumed conversion										0	[2]	434	[2]	436	[2]
Diluted										65,102		60,418		35,217
Basic and diluted earnings per share:
Income (loss) from continuing operations attributable to common stockholders										($2.54)		($0.08)		$0.07
Income (loss) from discontinued operations attributable to common stockholders										($0.15)		$0		$0.11
Net income (loss) attributable to common stockholders	($0.56)	($2.06)	($0.05)	($0.03)	($0.19)		$0.06	$0.04	$0.02	($2.69)		($0.08)		$0.18
[1]	The purchase price allocation for the Company's Copper Beech acquisition was finalized and all required adjustments are reflected in the Company's fourth quarter information.
[2]	The effect of the inclusion of all potentially dilutive securities for 2014 and 2013 would be anti-dilutive when computing diluted earnings per share. Therefore, the computation of both basic and diluted earnings per share is the same. For the years ended December 31, 2014 and 2013, shares issuable upon settlement of the exchange feature of the Exchangeable Senior notes were anti-dilutive and were not included in the computation of diluted earnings per share based on the bif-convertedb method.

Equity_Details

Equity (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common shares at beginning of period	64,502,430	38,558,000
Issuance of common shares	33,000	25,530,000
Issuance of restricted shares	357,000	496,000
Forfeiture of restricted shares	-150,000	-82,000
Common shares at end of period	64,742,713	64,502,430

Equity_Details_1

Equity (Details 1)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Changes in shares Of Operating Partnership Units [Line Items]
OP Units at beginning of period	434	436
Redemption of OP Units	-33	-2
OP Units at end of period	401	434

Equity_Details_2

Equity (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0.66	$0.66	$0.64
Common stock dividend rate percentage	100.00%	100.00%	100.00%
Preferred stock, dividends per share, declared	$2	$2	$1.37
Preferred stock, dividend rate, percentage	8.00%	8.00%	100.00%
Ordinary Dividend [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0	$0.10	$0.02
Common stock dividend rate percentage	0.00%	14.80%	2.80%
Preferred stock, dividends per share, declared	$0	$1.56	$1.27
Preferred stock, dividend rate, percentage	0.00%	78.30%	92.70%
Qualified Dividend [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0	$0.01	$0.00
Common stock dividend rate percentage	0.00%	1.20%	0.20%
Preferred stock, dividends per share, declared	$0	$0.13	$0.10
Preferred stock, dividend rate, percentage	0.00%	6.40%	7.30%
Capital Gain [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0	$0	$0
Common stock dividend rate percentage	0.00%	0.00%	0.00%
Preferred stock, dividends per share, declared	$0	$0	$0
Preferred stock, dividend rate, percentage	0.00%	0.00%	0.00%
Unrecaptured Sec. 1250 [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0	$0.02	$0
Common stock dividend rate percentage	0.00%	2.90%	0.00%
Preferred stock, dividends per share, declared	$0	$0.31	$0
Preferred stock, dividend rate, percentage	0.00%	15.30%	0.00%
Return of Capital [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared	$0.66	$0.53	$0.62
Common stock dividend rate percentage	100.00%	81.10%	97.00%
Preferred stock, dividends per share, declared	$2	$0	$0
Preferred stock, dividend rate, percentage	100.00%	0.00%	0.00%

Equity_Details_Textual

Equity (Details Textual) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Feb. 29, 2012	Oct. 31, 2013	Mar. 31, 2013	Jul. 31, 2012	Jun. 30, 2013	Apr. 30, 2013
Stockholders Equity [Line Items]
Preferred Stock Dividend Rate Percentage	8.00%	8.00%	100.00%
Operating Partnership Units Outstanding	65,100,000
Dividend Declared Per Preferred Share	$0.50
Accrued Dividends Preferred Stock	$3,100,000
Dividends paid to common and preferred stockholders	250,000	287,000	281,000
Preferred stock, liquidation preference per share	$25	$25
Restatement To Increase In Authorized Shares Of Common Stock									500,000,000
Restatement To Increase In Authorized Shares Of Preferred Stock									550,000,000
Preferred Stock, Shares Authorized	50,000,000	50,000,000							50,000,000
Common Stock, Par or Stated Value Per Share	$0.01	$0.01							$0.01
Preferred Stock, Par or Stated Value Per Share	$0.01	$0.01							$0.01
Maximum shares issue value under market offering program								100,000,000
Issuance of preferred stock		299,719,000	72,162,000
Board Of Directors [Member]
Stockholders Equity [Line Items]
Dividend Declared Per Common Share and Operating Partnership Unit	$0.09
Dividend Paid [Member]
Stockholders Equity [Line Items]
Dividend Declared Per Common Share and Operating Partnership Unit	$0.59	$0.66	$0.64
Dividends paid to common and preferred stockholders	38,100,000	42,900,000	22,600,000
Parent Company [Member]
Stockholders Equity [Line Items]
Operating Partnership Units Outstanding	64,700,000
Percentage Of Operating Partnership Units Held	99.30%
Other Partners [Member]
Stockholders Equity [Line Items]
Operating Partnership Units Outstanding	400,000
Percentage Of Operating Partnership Units Held	0.70%
Fair Market Value Of Operating Partnership Units	2,900,000
Per Unit Fair Market Value Of Operating Partnership Units	$7.31
8% Series A Cumulative Redeemable Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock Dividend Rate Percentage	8.00%
Stock Issued During Period, Shares, New Issues				300,000
Preferred stock, liquidation preference per share	$25
Preferred Stock Dividend Rate Per Dollar Amount	$2
Preferred Stock Redemption Price Per Share	$25
Preferred Stock Public Offering Price				$25
Issuance of preferred stock				54,900,000
Repayments of Long-term Debt				48,900,000
Preferred Stock Underwritten Public Offerings				2,300,000
Stock Issued For Underwritten Public Offering Value				2,600,000
Series A Preferred Stock [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, New Issues					400,000
Dividend Declared Per Preferred Share	$2	$2
Dividends paid to common and preferred stockholders	12,200,000	6,500,000
Preferred Stock Public Offering Price					$25.06
Issuance of preferred stock					91,300,000
Repayments of Long-term Debt					46,800,000
Preferred Stock Underwritten Public Offerings					3,800,000
Stock Issued For Underwritten Public Offering Value					4,000,000
IPO [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, New Issues						25,500,000	7,500,000
Proceeds from Issuance Initial Public Offering						$299,700,000	$72,200,000
Underwriters Option [Member]
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, New Issues						3,300,000	1,000,000

Incentive_Plans_Details

Incentive Plans (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014
Unvested Balances	648
Granted	357
Vested	-613
Forfeited	-104
Unvested balances	288
Weighted Average Grant Price, Unvested balance	$11.97
Weighted Average Grant Price, Granted	$9.01
Weighted Average Grant Price, Vested	$8.75
Weighted Average Grant Price, Forfeited	$9.66
Weighted Average Grant Price, Unvested balance	$11.28
Restricted Stock [Member]
Unvested Balances	648
Granted	357
Vested	-613
Forfeited	-104
Unvested balances	288
Restricted Op Units [Member]
Unvested Balances	0
Granted	0
Vested	0
Forfeited	0
Unvested balances	0

Incentive_Plans_Details_Textua

Incentive Plans (Details Textual) (USD $)	12 Months Ended
Share data in Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	5.3
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2.5	0.3
Amortization of restricted stock awards and operating partnership units	$5,744,000	$3,300,000	$2,252,000
Severance Costs	6,159,000	0	0
Severance Costs Discontinued Operations	2,959,000	0	0
Restricted Stock [Member]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	2,900,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	1 year 3 months 18 days
Allocated Share-based Compensation Expense	4,400,000	1,900,000	1,000,000
Amortization of restricted stock awards and operating partnership units	1,300,000	900,000	600,000
Stock Granted, Value, Share-based Compensation, Net of Forfeitures, Total	200,000	500,000	100,000
Severance Costs	2,200,000
Severance Costs Discontinued Operations	500,000
Restricted Stock Units (RSUs) [Member]
Allocated Share-based Compensation Expense		200,000
Amortization of restricted stock awards and operating partnership units		$300,000

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Related Party Amount Paid	$400,000	$200,000	$200,000
Upfront Payment	100,000
Related Party Monthly Fees Receivable	1,300,000	900,000
Operating lease costs	$2,500,000	$4,700,000	$3,900,000

Segments_Details

Segments (Details) (USD $)	3 Months Ended												12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Student Housing Operations:
Revenues from external customers	$32,201	[1]	$24,839	[1]	$24,990	[1]	$24,711	[1]	$24,768	$23,257	$22,294	$21,751	$106,741	$92,070	$74,650
Operating expenses													147,602	76,454	62,744
Severance expense													6,159	0	0
Impairment of unconsolidated entities													57,789	0	0
Effect of not exercising Copper Beech purchase option													-33,375	0	0
Equity in earnings (losses) of unconsolidated earnings													-5,510	-3,727	361
Operating income (loss)	-21,022	[1]	-120,526	[1]	878	[1]	3,135	[1]	-3,480	6,235	5,214	3,608	-137,535	11,577	12,267
Nonoperating expenses													-16,114	-11,555	-5,401
Net income (loss)	-33,580	[1]	-130,843	[1]	-486	[1]	953	[1]	-9,437	4,758	3,845	2,072	-163,956	1,238	10,418
Net income (loss) attributable to noncontrolling interest													-1,233	-34	46
Net income (loss) attributable to common stockholders													-9,509	486	3,881
Investment in unconsolidated entities	259,740								324,838				259,740	324,838
Total consolidated revenues													1,249	820	559
Interest expense													-16,156	-12,969	-11,545
Impairment of land & pre-development costs													31,927	0	0
Write-off of corporate other assets													15,110	0	0
Income (loss) from continuing operations, before income tax benefit (expense)													-153,649	22	6,866
Total assets at end of period	1,176,811								1,182,679				1,176,811	1,182,679
Student Housing Operations [Member]
Student Housing Operations:
Revenues from external customers													105,492	91,250	74,091
Operating expenses													75,904	63,351	53,856
Income from wholly-owned student housing operations													29,588	27,899	20,235
Severance expense													-700	0	0
Impairment of unconsolidated entities													-57,789	0	0
Effect of not exercising Copper Beech purchase option													-33,375	0	0
Equity in earnings (losses) of unconsolidated earnings													-5,510	-3,727	361
Operating income (loss)													-67,786	24,172	20,596
Nonoperating expenses													-10,200	-10,529	-10,246
Net income (loss)													-77,986	13,643	10,350
Net income (loss) attributable to noncontrolling interest													-750	136	106
Net income (loss) attributable to common stockholders													-77,236	13,507	10,244
Depreciation and amortization													28,273	22,356	20,377
Capital expenditures													188,495	142,167	111,167
Investment in unconsolidated entities	259,740								324,838				259,740	324,838	22,555
Total segment assets at end of period	1,165,523								1,132,371				1,165,523	1,132,371	691,671
Property Management Services [Member]
Student Housing Operations:
Revenues from external customers													1,249	820	559
Operating expenses													3,983	2,638	2,107
Operating income (loss)													-2,581	-1,546	-1,292
Nonoperating expenses													0	0	0
Net income (loss)													-2,581	-1,546	-1,292
Net income (loss) attributable to noncontrolling interest													-25	-15	-12
Net income (loss) attributable to common stockholders													-2,556	-1,531	-1,280
Depreciation and amortization													96	234	14
Total segment assets at end of period	0								0				0	0	0
Intersegment revenues													153	272	256
Total segment revenues													1,402	1,092	815
Reconciliations [Member]
Student Housing Operations:
Severance expense													-5,459	0	0
Total segment assets at end of period	1,165,523								1,132,371				1,165,523	1,132,371	691,671
Intersegment revenues													-153	-272	-256
Total segment revenues													106,894	92,342	74,906
Total consolidated revenues													106,741	92,070	74,650
Segment operating income (loss)													-70,367	22,626	19,304
Interest expense													-16,156	-12,969	-11,545
Impairment of land & pre-development costs													-31,927	0	0
Write-off of corporate other assets													-15,110	0	0
Corporate depreciation and amortization													-1,057	0	0
Net unallocated expenses and eliminations													-13,615	-11,049	-7,037
Other income (expense)													42	1,414	6,144
Income (loss) from continuing operations, before income tax benefit (expense)													-153,649	22	6,866
Unallocated corporate assets and eliminations	11,288								50,308				11,288	50,308	4,649
Total assets at end of period	$1,176,811								$1,182,679				$1,176,811	$1,182,679	$696,320
[1]	Total revenues, operating income (loss) and net income (loss) for the three months ended September 30, 2014 and December 31, 2014 have been adjusted for the Companybs discontinuance of two immaterial non-GAAP policies. Effective August 2014, the Company recognizes revenue over an 11.5 month period to align with lease terms as opposed to a 12 month period. Effective August 2014, the Company recognizes turn costs as incurred as opposed to accruing turn costs throughout the academic year.

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies [Line Items]
2015	$1,293
2016	1,304
2017	1,320
2018	1,309
2019	1,327
Thereafter	26,821	[1]
Total future minimum lease payments	$33,374
[1]	The Company's lease obligations total approximately $1.3 million per year through the year 2023. In addition to operating and office leases, the Company has ground leases that average $0.4 million per year through the year 2081.

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014
	USD ($)	CAD	USD ($)	USD ($)	HSRE I [Member]	HSRE V [Member]	HSRE IX [Member]	CSH Montreal [Member]	CSH Montreal [Member]	HSRE V and HSRE VI and HSRE X [Member]
					USD ($)			USD ($)	CAD
Lease Obligations Expiration Year	2023	2023
Ground Leases Obligations	$0.40
Ground Leases Obligations Expiration Year	2081	2081
Description For Guarantees One					up to 100% of $32.5 million of debt through May 2015
Description For Guarantees Two										up to 50% of $144.1 million of debt with varying maturity dates from March 2015 through September 2018
Description For Guarantees Three							up to 25% of $90.2 million of debt maturing in July 2016
Description For Guarantees Four						$13.3 million relates to a property that was sold on January 30, 2015
Guarantees Investment	6.2
Guarantees Underlying Debt	44	50.9
Held In Escrow Amount					3
Capital Lease Obligations	1.3
Operating Leases, Rent Expense, Net	1.2		0.9	0.6
Guarantees, Fair Value Disclosure	9.4				3.2
Accrued Liabilities and Other Liabilities	4.5
Line of Credit Facility, Average Outstanding Amount								88	101.8
Notes Payable								$96.80	112

Quarterly_Financial_Informatio2

Quarterly Financial Information (Details) (USD $)	3 Months Ended													12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Effect of Fourth Quarter Events [Line Items]
Total revenues	$32,201	[1]	$24,839	[1]	$24,990	[1]	$24,711	[1]	$24,768		$23,257	$22,294	$21,751	$106,741	$92,070	$74,650
Operating income (loss)	-21,022	[1]	-120,526	[1]	878	[1]	3,135	[1]	-3,480		6,235	5,214	3,608	-137,535	11,577	12,267
Net income (Loss)	-33,580	[1]	-130,843	[1]	-486	[1]	953	[1]	-9,437		4,758	3,845	2,072	-163,956	1,238	10,418
Net income (loss) attributable to common stockholders	($36,173)		($133,123)		($3,547)		($2,080)		($12,080)	[2]	$3,582	$2,676	$911	($174,923)	($4,911)	$6,258
Net income (loss) attributable to common stockholders per share - basic and diluted	($0.56)		($2.06)		($0.05)		($0.03)		($0.19)		$0.06	$0.04	$0.02	($2.69)	($0.08)	$0.18
[1]	Total revenues, operating income (loss) and net income (loss) for the three months ended September 30, 2014 and December 31, 2014 have been adjusted for the Companybs discontinuance of two immaterial non-GAAP policies. Effective August 2014, the Company recognizes revenue over an 11.5 month period to align with lease terms as opposed to a 12 month period. Effective August 2014, the Company recognizes turn costs as incurred as opposed to accruing turn costs throughout the academic year.
[2]	The purchase price allocation for the Company's Copper Beech acquisition was finalized and all required adjustments are reflected in the Company's fourth quarter information.

Quarterly_Financial_Informatio3

Quarterly Financial Information (Details Textual)	12 Months Ended
	Dec. 31, 2014
Effect of Fourth Quarter Events [Line Items]
Description For Revenue Recognizes Period	Company recognizes revenue over an 11.5 month period to align with lease terms as opposed to a 12 month period.

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (USD $)	12 Months Ended	0 Months Ended	1 Months Ended			3 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Feb. 09, 2015	Feb. 25, 2015	Jan. 29, 2015	Jan. 30, 2015	Mar. 31, 2015	Jun. 30, 2015
Description For Acquire Sellers Remaining Interests	Following the consummation of the Initial Closing, the Company holds a 100% interest in 27 of the properties in the Copper Beech Portfolio, an 85% interest in one property in the Copper Beech Portfolio, an 86% interest in one property in the Copper Beech Portfolio and a 48% interest in 4 of the properties in the Copper Beech Portfolio and has no ownership interests in 2 of the properties in the Copper Beech Portfolio and has a 100% interest in Copper Beech at Ames, Iowa. The Company expects to complete the acquisition of the Sellers interests
Cash paid to Sellers	$58.90
Operating Partnership Issued To The Sellers	10.4
Second Amendment [Member]
Cash paid to Sellers	1.4
Operating Partnership Issued To The Sellers	2
Subsequent Event [Member]
Proceeds from Sale of Other Assets		3.8		28.4	2.9
Debt Instrument, Covenant Description			Maximum Leverage Ratio of not greater than 0.65:1.00; Maximum Secured Debt Ratio of not greater than 47.5%; Minimum Fixed Charge Ratio of not less than 1.30:1.00; and a Dividend Payout Ratio of not more than 105.0% calculated on a pro forma basis that applies the current quarterly dividend of $0.090 on a trailing twelve month basis.
Gain (Loss) on Disposition of Other Assets						4.7
Subsequent Event [Member] | Grove At Conway Ar [Member]
Proceeds from Sale of Other Assets							11
Subsequent Event [Member] | Grove At Lawrence Ks [Member]
Proceeds from Sale of Other Assets							$13

Schedule_III_Real_Estate_and_A1

Schedule III - Real Estate and Accumulated Depreciation (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	$881,250
Costs Capitalized Subsequent to Development or Acquisition	54,712
Land	76,043
Student Housing Properties	859,919
Total	935,962	[1],[2]
Accumulated depreciation	-128,121		-102,356	-97,820	-76,164
Encumbrances	-300,673
The Grove At Asheville Nc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	12,604
Costs Capitalized Subsequent to Development or Acquisition	1,240
Land	51
Student Housing Properties	13,793
Total	13,844	[1],[2]
Accumulated depreciation	-5,349
Encumbrances	-14,304
Year Constructed	2005
Year Placed into Service or Acquired	2005
The Grove At Carrollton Ga [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	13,294
Costs Capitalized Subsequent to Development or Acquisition	1,200
Land	1,104
Student Housing Properties	13,390
Total	14,494	[1],[2]
Accumulated depreciation	-5,305
Encumbrances	-14,101
Year Constructed	2006
Year Placed into Service or Acquired	2006
The Grove At Las Cruces Nm [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	16,025
Costs Capitalized Subsequent to Development or Acquisition	5,648
Land	1,098
Student Housing Properties	20,575
Total	21,673	[1],[2]
Accumulated depreciation	-6,019
Encumbrances	-14,573
Year Constructed	2006
Year Placed into Service or Acquired	2006
The Grove At Milledgeville Ga [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	14,543
Costs Capitalized Subsequent to Development or Acquisition	1,484
Land	942
Student Housing Properties	15,085
Total	16,027	[1],[2]
Accumulated depreciation	-5,808
Encumbrances	-15,640
Year Constructed	2006
Year Placed into Service or Acquired	2006
The Grove At Abilene Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	16,962
Costs Capitalized Subsequent to Development or Acquisition	785
Land	1,361
Student Housing Properties	16,386
Total	17,747	[1],[2]
Accumulated depreciation	-6,006
Encumbrances		[3]
Year Constructed	2007
Year Placed into Service or Acquired	2007
The Grove At Ellensburg Wa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	20,827
Costs Capitalized Subsequent to Development or Acquisition	532
Land	1,483
Student Housing Properties	19,876
Total	21,359	[1],[2]
Accumulated depreciation	-6,463
Encumbrances	-15,845
Year Constructed	2007
Year Placed into Service or Acquired	2007
The Grove At Greeley Co [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	19,971
Costs Capitalized Subsequent to Development or Acquisition	3,078
Land	1,454
Student Housing Properties	21,595
Total	23,049	[1],[2]
Accumulated depreciation	-5,993
Encumbrances	-14,945
Year Constructed	2007
Year Placed into Service or Acquired	2007
The Grove At Mobile One And Two [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	33,094
Costs Capitalized Subsequent to Development or Acquisition	1,608
Land	150	[4]
Student Housing Properties	34,552
Total	34,702	[1],[2]
Accumulated depreciation	-10,754
Encumbrances		[3]
Year Constructed	2007
Year Placed into Service or Acquired	2007
The Grove At Nacogdoches Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	18,604
Costs Capitalized Subsequent to Development or Acquisition	1,317
Land	1,188
Student Housing Properties	18,733
Total	19,921	[1],[2]
Accumulated depreciation	-6,146
Encumbrances	-16,857
Year Constructed	2007
Year Placed into Service or Acquired	2007
The Grove At Cheney Wa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	18,788
Costs Capitalized Subsequent to Development or Acquisition	383
Land	1,347
Student Housing Properties	17,824
Total	19,171	[1],[2]
Accumulated depreciation	-5,443
Encumbrances		[3]
Year Constructed	2008
Year Placed into Service or Acquired	2008
The Grove At Lubbock Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	18,229
Costs Capitalized Subsequent to Development or Acquisition	640
Land	1,520
Student Housing Properties	17,349
Total	18,869	[1],[2]
Accumulated depreciation	-5,361
Encumbrances		[3]
Year Constructed	2008
Year Placed into Service or Acquired	2008
The Grove At Stephenville Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	17,100
Costs Capitalized Subsequent to Development or Acquisition	411
Land	1,250
Student Housing Properties	16,261
Total	17,511	[1],[2]
Accumulated depreciation	-5,355
Encumbrances		[3]
Year Constructed	2008
Year Placed into Service or Acquired	2008
The Grove At Troy Al [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	18,248
Costs Capitalized Subsequent to Development or Acquisition	850
Land	1,433
Student Housing Properties	17,665
Total	19,098	[1],[2]
Accumulated depreciation	-5,637
Encumbrances		[3]
Year Constructed	2008
Year Placed into Service or Acquired	2008
The Grove At Waco Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	17,566
Costs Capitalized Subsequent to Development or Acquisition	692
Land	1,094
Student Housing Properties	17,164
Total	18,258	[1],[2]
Accumulated depreciation	-5,549
Encumbrances		[3]
Year Constructed	2008
Year Placed into Service or Acquired	2008
The Grove At Murfreesboro Tn [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	19,994
Costs Capitalized Subsequent to Development or Acquisition	865
Land	2,678
Student Housing Properties	18,181
Total	20,859	[1],[2]
Accumulated depreciation	-4,938
Encumbrances		[3]
Year Constructed	2009
Year Placed into Service or Acquired	2009
The Grove At San Marcos Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	24,126
Costs Capitalized Subsequent to Development or Acquisition	622
Land	1,791
Student Housing Properties	22,957
Total	24,748	[1],[2]
Accumulated depreciation	-3,687
Encumbrances		[3]
Year Constructed	2009
Year Placed into Service or Acquired	2009
The Grove At Moscow Id [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	25,731
Costs Capitalized Subsequent to Development or Acquisition	269
Land	1,839
Student Housing Properties	24,161
Total	26,000	[1],[2]
Accumulated depreciation	-1,932
Encumbrances		[3]
Year Constructed	2009
Year Placed into Service or Acquired	2012
The Grove At Huntsville Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	23,444
Costs Capitalized Subsequent to Development or Acquisition	370
Land	2,157
Student Housing Properties	21,657
Total	23,814	[1],[2]
Accumulated depreciation	-2,233
Encumbrances		[3]
Year Constructed	2010
Year Placed into Service or Acquired	2011
The Grove At Statesboro Ga [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	25,349
Costs Capitalized Subsequent to Development or Acquisition	770
Land	1,621
Student Housing Properties	24,498
Total	26,119	[1],[2]
Accumulated depreciation	-2,492
Encumbrances	-18,100
Year Constructed	2010
Year Placed into Service or Acquired	2011
The Grove At Clarksville Tn [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	21,805
Costs Capitalized Subsequent to Development or Acquisition	761
Land	1,296
Student Housing Properties	21,270
Total	22,566	[1],[2]
Accumulated depreciation	-2,626
Encumbrances	-16,238
Year Constructed	2011
Year Placed into Service or Acquired	2011
The Grove At Ames Ia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	22,834
Costs Capitalized Subsequent to Development or Acquisition	417
Land	1,919
Student Housing Properties	21,332
Total	23,251	[1],[2]
Accumulated depreciation	-2,669
Encumbrances		[3]
Year Constructed	2011
Year Placed into Service or Acquired	2011
The Grove At Fort Wayne In [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	18,889
Costs Capitalized Subsequent to Development or Acquisition	324
Land	844
Student Housing Properties	18,369
Total	19,213	[1],[2]
Accumulated depreciation	-2,387
Encumbrances		[3]
Year Constructed	2011
Year Placed into Service or Acquired	2011
The Grove At Columbia Mo [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	24,551
Costs Capitalized Subsequent to Development or Acquisition	303
Land	3,611
Student Housing Properties	21,243
Total	24,854	[1],[2]
Accumulated depreciation	-2,694
Encumbrances	-22,738
Year Constructed	2011
Year Placed into Service or Acquired	2011
The Grove At Valdosta Ga [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	29,381
Costs Capitalized Subsequent to Development or Acquisition	427
Land	1,562
Student Housing Properties	28,246
Total	29,808	[1],[2]
Accumulated depreciation	-2,385
Encumbrances		[3]
Year Constructed	2011
Year Placed into Service or Acquired	2012
The Grove At Denton Tx [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	25,624
Costs Capitalized Subsequent to Development or Acquisition	0
Land	4,756
Student Housing Properties	20,868
Total	25,624	[1],[2]
Accumulated depreciation	-843
Encumbrances	-16,613
Year Constructed	2011
Year Placed into Service or Acquired	2014
The Grove At Auburn Al [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	26,267
Costs Capitalized Subsequent to Development or Acquisition	249
Land	4,423
Student Housing Properties	22,093
Total	26,516	[1],[2]
Accumulated depreciation	-1,987
Encumbrances		[3]
Year Constructed	2012
Year Placed into Service or Acquired	2012
The Grove At Flagstaff Az [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	34,125
Costs Capitalized Subsequent to Development or Acquisition	3,613
Land	6,970
Student Housing Properties	30,768
Total	37,738	[1],[2]
Accumulated depreciation	-2,616
Encumbrances		[3]
Year Constructed	2012
Year Placed into Service or Acquired	2012
The Grove At Nacogdoches Tx Phase Two [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	7,718
Costs Capitalized Subsequent to Development or Acquisition	163
Land	401
Student Housing Properties	7,480
Total	7,881	[1],[2]
Accumulated depreciation	-617
Encumbrances	0
Year Constructed	2012
Year Placed into Service or Acquired	2012
The Grove At Orono Me [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	28,499
Costs Capitalized Subsequent to Development or Acquisition	1,577
Land	1,373
Student Housing Properties	28,703
Total	30,076	[1],[2]
Accumulated depreciation	-2,199
Encumbrances		[3]
Year Constructed	2012
Year Placed into Service or Acquired	2012
The Grove At Toledo OH [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	11,564	[5]
Costs Capitalized Subsequent to Development or Acquisition	2,212	[5]
Land	2,855	[5]
Student Housing Properties	10,921	[5]
Total	13,776	[1],[2],[5]
Accumulated depreciation	-923	[5]
Encumbrances	-4,357	[5]
Year Constructed	2013	[5]
Year Placed into Service or Acquired	2013
The Grove At Fort Collins Co [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	35,496
Costs Capitalized Subsequent to Development or Acquisition	-51
Land	75	[4]
Student Housing Properties	35,370
Total	35,445	[1],[2]
Accumulated depreciation	-1,575
Encumbrances	-19,073
Year Constructed	2013
Year Placed into Service or Acquired	2013
The Grove At Muncie In [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	24,708
Costs Capitalized Subsequent to Development or Acquisition	160
Land	2,458
Student Housing Properties	22,410
Total	24,868	[1],[2]
Accumulated depreciation	-1,125
Encumbrances	-13,892
Year Constructed	2013
Year Placed into Service or Acquired	2013
The Grove At Pullman Wa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	15,622
Costs Capitalized Subsequent to Development or Acquisition	21,983
Land	1,842
Student Housing Properties	35,763
Total	37,605	[1],[2]
Accumulated depreciation	-805
Encumbrances	-10,886
Year Constructed	2013
Year Placed into Service or Acquired	2013
The Grove At Flagstaff Two AZ [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	15,407
Costs Capitalized Subsequent to Development or Acquisition	-190
Land	3,322
Student Housing Properties	11,895
Total	15,217	[1],[2]
Accumulated depreciation	-481
Encumbrances		[3]
Year Constructed	2013
Year Placed into Service or Acquired	2013
The Grove At Grand Forks ND [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	34,476
Costs Capitalized Subsequent to Development or Acquisition	0
Land	2,196
Student Housing Properties	32,280
Total	34,476	[1],[2]
Accumulated depreciation	-359
Encumbrances	-12,474
Year Constructed	2014
Year Placed into Service or Acquired	2014
The Grove At Mt Pleasant MI [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	26,838
Costs Capitalized Subsequent to Development or Acquisition	0
Land	473
Student Housing Properties	26,365
Total	26,838	[1],[2]
Accumulated depreciation	-311
Encumbrances		[3]
Year Constructed	2014
Year Placed into Service or Acquired	2014
The Grove At Slippery Rock PA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	30,448
Costs Capitalized Subsequent to Development or Acquisition	0
Land	1,097
Student Housing Properties	29,351
Total	30,448	[1],[2]
Accumulated depreciation	-330
Encumbrances	-16,031
Year Constructed	2014
Year Placed into Service or Acquired	2014
The Grove At Gainesville FL [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	41,293
Costs Capitalized Subsequent to Development or Acquisition	0
Land	5,918
Student Housing Properties	35,375
Total	41,293	[1],[2]
Accumulated depreciation	-401
Encumbrances	-22,836
Year Constructed	2014
Year Placed into Service or Acquired	2014
Copper Beach At Ames IA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Cost	31,206
Costs Capitalized Subsequent to Development or Acquisition	0
Land	3,091
Student Housing Properties	28,115
Total	31,206	[1],[2]
Accumulated depreciation	-318
Encumbrances	($21,170)
Year Constructed	2014
Year Placed into Service or Acquired	2014
[1]	Depreciable lives range from 5-40 years.
[2]	Total aggregate cost for federal income tax purposes is approximately $994.1 million.
[3]	Property is collateral for the Companybs Amended Credit Facility.
[4]	Property encumbered by a ground lease.
[5]	Property is under re-development. See Note 6 to the accompanying consolidated financial statements.

Schedule_III_Real_Estate_and_A2

Schedule III - Real Estate and Accumulated Depreciation (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Investment in real estate:
Balance, beginning of year	$716,285	$669,387	$512,227
Acquisitions	25,642	13,801	0
Improvements and development expenditures	194,795	106,806	158,175
Asset disposals	-760	-1,283	-1,015
Disposition of student housing properties	0	-67,702	0
Impairment of student housing properties	0	-4,724	0
Balance, end of year	935,962	716,285	669,387
Accumulated depreciation:
Balance, beginning of year	102,356	97,820	76,164
Depreciation for the year	26,387	25,183	22,472
Asset disposals	-622	-933	-865
Disposition of student housing properties	0	-19,714	0
Other Reclassifications	0	0	49
Balance, end of year	128,121	102,356	97,820
Development in process	0	91,184	50,781
Land held for sale	38,105	0	0
Land held for investment	7,413	0	0
Investment in real estate, net	$853,359	$705,113	$622,348

Schedule_III_Real_Estate_and_A3

Schedule III - Real Estate and Accumulated Depreciation (Details Textual) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real Estate, Federal Income Tax Basis	994.1
Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real estate and accumulated depreciation, life used for depreciation	40 years
Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
SEC Schedule III, Real estate and accumulated depreciation, life used for depreciation	5 years