Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

23. Subsequent Events

First Quarter 2016 Dividend

On April 26, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per share for the first quarter of 2016, payable on June 1, 2016 to Class A and Class B common stockholders of record as of May 16, 2016.

Controlled Equity Offering

Since March 31, 2016, the Company has sold, pursuant to the November 2014 Sales Agreement, 2.4 million shares of Class A common stock, of which 0.8 million shares were related to redemptions and exchanges of limited partnership interests and 1.6 million shares were for general corporate purposes.

Repurchases

Since March 31, 2016, the Company has repurchased an aggregate of approximately 179 thousand shares of its Class A common stock at an aggregate purchase price of approximately $1.6 million for an average price of $8.97 per share.