Common Shares, Restricted Shares and Share Options (Tables)

9 Months Ended

Sep. 30, 2011

Common Shares, Restricted Shares and Share Options

Schedule of restricted common share transactions

	Manager		Directors		Total
Unvested shares as of January 1, 2011	1,097,000		212,604		1,309,604
Issued	240,845		50,566		291,411
Vested	(1,097,000	)	(92,903	)	(1,189,903	)
Cancelled	—		(24,591	)	(24,591	)
Unvested shares as of September 30, 2011	240,845		145,676		386,521

Schedule of common share option transactions

	Number of Options	Weighted Average Exercise Price
Outstanding as of January 1, 2011	1,932,279	$	20.00
Granted	—	—
Exercised	—	—
Forfeited	—	—
Outstanding as of September 30, 2011	1,932,279	$	20.00

Schedule of share-based compensation expense

	For the three months ended September 30, 2011		For the three months ended September 30, 2010		For the nine months ended September 30, 2011		For the nine months ended September 30, 2010
Restricted shares granted to Manager	$	136	$	1,943	$	2,077	$	4,437
Restricted shares granted to certain directors	212		189		614		901
Total share-based compensation expense	$	348	$	2,132	$	2,691	$	5,338