STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Distributions Table

The following table summarizes the Company’s distribution activity:

		Amount
(in thousands, except per share data)	Payment Date	Declared per     Common Share		Paid     in Cash		Reinvested in     Shares		Total     Distributions
2014
September 30	October 15, 2014	$	0.15625	$	16,621	$	16,275	$	32,896
June 30	July 15, 2014		0.15625		16,426		16,294		32,720
March 31	April 15, 2014		0.15625		16,316		16,199		32,515
Total				$	49,363	$	48,768	$	98,131
2013
December 31	January 15, 2014	$	0.15625	$	16,199	$	16,102	$	32,301
September 30	October 15, 2013		0.15625		15,939		15,786		31,725
June 30	July 15, 2013		0.15625		13,457		12,516		25,973
March 31	April 15, 2013		0.15625		11,782		10,323		22,105
Total				$	57,377	$	54,727	$	112,104

Redemptions Table

Redemptions

The following table summarizes the Company’s redemption activity:

	For the Nine Months Ended September 30,
(in thousands, except per share data)	2014		2013
Number of eligible shares redeemed		1,480		700
Aggregate amount of shares redeemed	$	14,814	$	6,878
Average redemption price per share	$	10.01	$	9.83