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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
 
On March 24, 2016, the Company’s board of directors declared a cash distribution on its Series A LLC Preferred Shares totaling $6.9 million, or $0.460938 per share. The distribution will be paid on April 15, 2016 to preferred shareholders as of the close of business on April 8, 2016.

On February 25, 2016, the Company's board of directors declared a cash distribution for the quarter ended December 31, 2015 on its common shares totaling $38.3 million, or $$383,135 per common share. The distribution was paid on February 26, 2016 to common shareholders of record as of the close of business on February 25, 2016.

On December 23, 2015, the Company’s board of directors declared a cash distribution on its Series A LLC Preferred Shares totaling $6.9 million, or $0.460938 per share. The distribution was paid on January 15, 2016 to preferred shareholders as of the close of business on January 8, 2016.