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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
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 was paid on April 15, 2016 to preferred shareholders of record as of the close of business on April 8, 2016.

On May 9, 2016, the Company's board of directors declared a cash distribution for the quarter ended March 31, 2016 on its common shares totaling $24.6 million, or $245,741 per common share. The distribution was paid on May 10, 2016 to common shareholders of record as of the close of business on May 9, 2016.