SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Schedule of restricted common share transactions

The following table summarizes the restricted common share transactions that occurred prior to the Merger Transaction:

	Predecessor Company
	Manager		Directors	Total
Unvested shares as January 1, 2014	584,634		85,194	669,828
Issued	—		—	—
Vested	(243,648	)	—	(243,648	)
Forfeited	—		—	—
Unvested shares as of March 31, 2014	340,986		85,194	426,180

Schedule of common share option transactions

The following table summarizes common share option transactions:

	Predecessor Company
	Number of Options	Weighted Average Exercise Price
Outstanding as of January 1, 2014	1,932,279	$	20.00
Granted	—	—
Exercised	—	—
Forfeited	—	—
Outstanding as of March 31, 2014	1,932,279	$	20.00

Schedule of share-based compensation expense

For the three months ended March 31, 2014, the components of share-based compensation expense are as follows (amounts in thousands):

	Predecessor Company
	For the three months ended March 31, 2014
Restricted common shares granted to Manager	$	577
Restricted common shares granted to certain directors	264
Total share-based compensation expense	$	841