Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Tax Components of Dividends Declared

The tax composition of the Company’s distributions declared for the years ended December 31, 2016, 2015 and 2014 were as follows:

	December 31,
	2016			2015			2014
Ordinary income		21.5	%		37.8	%		30.8	%
Capital gain		14.4	%		0.0	%		0.0	%
Unrecaptured Sec. 1250 gain		1.2	%		0.0	%		0.0	%
Return of capital		62.9	%		62.2	%		69.2	%

Distribution of Promoted Interest to Share Holder

Promoted Interest — For the years ended December 31, 2016, 2015 and 2014, the Company recorded, as a reduction to capital in excess of par value, the following distributions to holders of promoted interest (in thousands):

	December 31,
	2016			2015		2014
Dogwood Forest of Acworth	$	(3,850	)	$	—	$	—
Wellmore of Tega Cay		(2,800	)		—		—
HarborChase of Villages Crossing	―				—		(2,000	)
	$	(6,650	)	$	—	$	(2,000	)

Effect of Derivative Financial Instruments

Other comprehensive income (loss) — The following table reflects the effect of derivative financial instruments held by Company, or its equity method investments, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (in thousands):

Derivative Financial Instruments	Gain (loss) recognized in other comprehensive loss on derivative financial instruments									Location of gain (loss) reclassified into earnings	Gain (loss) reclassified from accumulated other comprehensive loss into earnings
	Years Ended										Years Ended
	December 31,										December 31,
	2016			2015			2014				2016			2015			2014
Interest rate swaps	$	3,487		$	(4,881	)	$	(3,915	)	Interest expense and loan cost amortization	$	(7,150	)	$	(4,110	)	$	(98	)
Interest rate caps		(1,584	)		(262	)	―			Interest expense and loan cost amortization		(45	)	―			―
Reclassification of interest rate swaps upon derecognition	―				236		―			Interest expense and loan cost amortization	―				(236	)	―
Reclassification of interest rate swaps due to ineffectiveness		(18	)		33		―			Interest expense and loan cost amortization		18			(33	)	―
Interest rate cap held by unconsolidated joint venture		(1	)		(9	)		10		Not applicable	―			―			―
Total	$	1,884		$	(4,883	)	$	(3,905	)		$	(7,177	)	$	(4,379	)	$	(98	)