Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following changes have been made to the Company's previously issued consolidated balance sheet, statements of operations and statements of comprehensive income (in thousands, except per share amounts). No changes were made to the consolidated statement of cash flows.

	December 31, 2015
	As Reported			Adjustment			As Revised
Accounts payable and accrued expenses	$	11,361		$	1,484		$	12,845
Income tax liabilities	—			9,778			9,778
Total Liabilities	223,282			11,262			234,544
Accumulated deficit	(352,974		)	(11,262		)	(364,236		)
Total Stockholders' Equity	806,179			(11,262		)	794,917

The following changes have been made to the Company's unaudited condensed consolidated statements of operations (in thousands, except per share amounts):

	Quarter Ended March 31, 2015
	As Reported			Adjustment			As Revised
Expenses
Property operating expenses	$	37,038		$	660		$	37,698
Loss from continuing operations	(14,607		)	(660		)	(15,267		)
Net loss	$	(7,555	)	$	(660	)	$	(8,215	)
Net loss per share of common stock (basic and diluted):
Continuing operations	$	(0.04	)	$	(0.01	)	$	(0.05	)
Net income per share	$	(0.02	)	$	(0.01	)	$	(0.03	)

2. Summary of Significant Accounting Policies(continued)

	Quarter Ended June 30, 2015									Six Months Ended June 30, 2015
	As Reported			Adjustment			As Revised			As Reported			Adjustment			As Revised
Expenses
Property operating expenses	$	52,021		$	275		$	52,296		$	89,059		$	935		$	89,994
Other income (expense)
Income tax provision	—			(666		)	(666		)	—			(666		)	(666		)
Loss from continuing operations	(38,208		)	(941		)	(39,149		)	(52,815		)	(1,601		)	(54,416		)
Net income before gain on sale of real estate and unconsolidated entity	161,512			(941		)	160,571			153,957			(1,601		)	152,356
Net income	$	228,101		$	(941	)	$	227,160		$	220,546		$	(1,601	)	$	218,945
Net income per share of common stock (basic and diluted):
Continuing operations	$	0.09		$	—		$	0.09		$	0.04		$	(0.01	)	$	0.03
Net income per share	$	0.70		$	—		$	0.70		$	0.68		$	(0.01	)	$	0.67

	Quarter Ended September 30, 2015								Nine Months Ended September 30, 2015
	As Reported		Adjustment			As Revised			As Reported			Adjustment			As Revised
Expenses
Property operating expenses	$	56,256	$	275		$	56,531		$	145,315		$	1,210		$	146,525
Other income (expense)
Income tax provision	—		(8,449		)	(8,449		)	—			(9,115		)	(9,115		)
Income (loss) from continuing operations	34,295		(8,724		)	25,571			(18,775		)	(10,325		)	(29,100		)
Net income before gain on sale of real estate and unconsolidated entity	41,909		(8,724		)	33,185			195,611			(10,325		)	185,286
Net income	$	40,845	$	(8,724	)	$	32,121		$	261,391		$	(10,325	)	$	251,066
Net income per share of common stock (basic and diluted):
Continuing operations	$	0.11	$	(0.03	)	$	0.08		$	0.14		$	(0.03	)	$	0.11
Net income per share	$	0.13	$	(0.03	)	$	0.10		$	0.80		$	(0.03	)	$	0.77

2. Summary of Significant Accounting Policies(continued)

	Quarter Ended December 31, 2015									Year Ended December 31, 2015
	As Reported			Adjustment			As Revised			As Reported			Adjustment			As Revised
Expenses
Property operating expenses	$	27,312		$	274		$	27,586		$	172,627		$	1,484		$	174,111
Other income (expense)
Income tax provision	—			(663		)	(663		)	—			(9,778		)	(9,778		)
Loss from continuing operations	(130,842		)	(937		)	(131,779		)	(149,362		)	(11,262		)	(160,624		)
Net (loss) income before gain on sale of real estate and unconsolidated entity	(140,302		)	(937		)	(141,239		)	55,309			(11,262		)	44,047
Net (loss) income	$	(120,236	)	$	(937	)	$	(121,173	)	$	141,155		$	(11,262	)	$	129,893
Net (loss) income per share of common stock (basic and diluted):
Continuing operations	$	(0.34	)	$	—		$	(0.34	)	$	(0.20	)	$	(0.03	)	$	(0.23	)
Net income per share	$	(0.37	)	$	—		$	(0.37	)	$	0.43		$	(0.03	)	$	0.40

The following changes have been made to the Company's unaudited condensed consolidated statements of comprehensive income (in thousands):

	Quarter Ended March 31, 2015
	As Reported			Adjustment			As Revised
Net loss	$	(7,555	)	$	(660	)	$	(8,215	)
Net comprehensive income	(2,448		)	(660		)	(3,108		)

	Quarter Ended June 30, 2015							Six Months Ended June 30, 2015
	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Net income	$	228,101	$	(941	)	$	227,160	$	220,546	$	(1,601	)	$	218,945
Net comprehensive income	229,051		(941		)	228,110		219,048		(1,601		)	217,447

	Quarter Ended September 30, 2015							Nine Months Ended September 30, 2015
	As Reported		Adjustment			As Revised		As Reported		Adjustment			As Revised
Net income	$	40,845	$	(8,724	)	$	32,121	$	261,391	$	(10,325	)	$	251,066
Net comprehensive income	38,538		(8,724		)	29,814		257,586		(10,325		)	247,261

	Year Ended December 31, 2015
	As Reported		Adjustment			As Revised
Net income	$	141,155	$	(11,262	)	$	129,893
Net comprehensive income	136,569		(11,262		)	125,307

Additional Details of Adjustments to Financial Statements

The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated balance sheets as of December 31, 2015 (in thousands):

	As Filed December 31, 2015		Adjustments			Adjusted December 31, 2015
Other assets	$	18,176	$	(1,398	)	$	16,778
Mortgages and other notes payable	$	185,739	$	(1,398	)	$	184,341