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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
 
On June 23, 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 July 15, 2016 to preferred shareholders of record as of the close of business on July 8, 2016.

On July 21, 2016, the Company's board of directors declared a cash distribution for the quarter ended June 30, 2016 on its common shares totaling $17.9 million, or $179,230 per common share. The distribution was paid on July 22, 2016 to common shareholders of record as of the close of business on July 21, 2016.