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Transactions with Related Parties (Tables)
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
Amounts Incurred for Management Fee and Reimbursable Expenses

For purposes of calculating the management fee, equity is defined as the value, computed in accordance with GAAP, of shareholders’ equity, adjusted to exclude the effects of unrealized gains or losses.  The following table presents amounts incurred for management fee, reimbursable expenses and share-based compensation expense related to the restricted common shares granted to management.  

 

Three Months Ended March 31

 

 

2015

 

 

2014

 

Management fee

$

4,095

 

 

$

4,154

 

Reimbursable expenses

 

1,293

 

 

 

812

 

Total

$

5,388

 

 

$

4,966

 

 

 

 

 

 

 

 

 

Share-based compensation

$

1,045

 

 

$

860