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Partners' Capital (Tables)
 12 Months Ended
Dec. 31, 2013
Partners' Capital [Abstract]  
Schedule Of Partners' Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

Class C

 

General

 

Class B

 

Public

 

Affiliated

 

 

 

Preferred Units

 

Partner

 

Units

 

Common

 

Common

 

Subordinated

Balance - December 31, 2010

 -

 
35,729 

 

 -

 
15,000,000 

 
11,297,737 

 
7,145,866 

Underwriters' exercise of over-allotment

 -

 

 -

 

 -

 
2,250,000 

 

 -

 

 -

Vested units awarded under our Long Term Incentive

 

 

 

 

 

 

 

 

 

 

 

Performance Plan

 -

 

 -

 

 -

 
52,798 

 

 -

 

 -

Reduction in units to cover individuals'

 

 

 

 

 

 

 

 

 

 

 

tax withholdings

 -

 

 -

 

 -

 
(10,519)

 

 -

 

 -

Preferred Units issued to Predecessor

 

 

 

 

 

 

 

 

 

 

 

in exchange for Transferred October 2011 Properties
16,666,667 

 

 -

 

 -

 

 -

 

 -

 

 -

Balance - December 31, 2011
16,666,667 

 
35,729 

 

 -

 
17,292,279 

 
11,297,737 

 
7,145,866 

Vested units awarded under our Long Term Incentive

 

 

 

 

 

 

 

 

 

 

 

Performance Plan

 -

 

 -

 

 -

 
96,890 

 

 -

 

 -

Reduction in units to cover individuals'

 

 

 

 

 

 

 

 

 

 

 

tax withholdings

 -

 

 -

 

 -

 
(14,891)

 

 -

 

 -

Issuance of units to the general partner

 -

 
15,307 

 

 -

 

 -

 

 -

 

 -

Affiliated unit sale to the public

 -

 

 -

 

 -

 
11,297,737 

 
(11,297,737)

 

 -

Conversion of Subordinated Units

 -

 

 -

 

 -

 

 -

 
7,145,866 

 
(7,145,866)

Unit offerings

 -

 

 -

 

 -

 
22,627,263 

 

 -

 

 -

Balance - December 31, 2012
16,666,667 

 
51,036 

 

 -

 
51,299,278 

 
7,145,866 

 

 -

Vested units awarded under our Long Term Incentive

 

 

 

 

 

 

 

 

 

 

 

Performance Plan

 -

 

 -

 

 -

 
218,460 

 

 -

 

 -

Reduction in units to cover individuals'

 

 

 

 

 

 

 

 

 

 

 

tax withholdings

 -

 

 -

 

 -

 
(34,475)

 

 -

 

 -

Management incentive fee conversion

 

 

 

 
6,133,558 

 

 

 

 

 

 

Balance - December 31, 2013
16,666,667 

 
51,036 

 
6,133,558 

 
51,483,263 

 
7,145,866 

 

 -

 

Schedule Of Cash Distribution Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Limited Partners

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Affiliated

 

 

 

 

 

 

For the period ended

 

 

Distributions to Preferred Unitholders

 

 

Distributions per Preferred Unit(1)

 

 

General Partner

 

 

Class B

 

Public Common

 

 

Common

 

 

Subordinated

 

 

Total Distributions to Other Unitholders 

 

 

Distributions per other units

 

December 31, 2011 (2)

 

$
3,424 

 

$
0.21 

 

$
16 

 

$

 

$
8,344 

 

$
5,368 

 

$
3,393 

 

$
17,121 

 

$
0.4750 

March 31, 2012 (2)

 

 
3,500 

 

 
0.21 

 

 
20 

 

 

 

 
17,892 

 

 

 -

 

 
3,394 

 

 
21,306 

 

 
0.4750 

June 30, 2012 (2)

 

 
3,500 

 

 
0.21 

 

 
20 

 

 

 

 
18,584 

 

 

 -

 

 
3,484 

 

 
22,088 

 

 
0.4875 

September 30, 2012 (2)

 

 
3,500 

 

 
0.21 

 

 
20 

 

 

 

 
18,529 

 

 

 -

 

 
3,484 

 

 
22,033 

 

 
0.4875 

December 31, 2012 (2)

 

 
3,500 

 

 
0.21 

 

 
25 

 

 

 

 
25,275 

 

 
3,484 

 

 

 -

 

 
28,784 

 

 
0.4875 

December 31, 2012 (3)

 

 

 -

 

 

 -

 

 

 -

 

 
2,990 

 

 -

 

 

 -

 

 

 -

 

 
2,990 

 

 
0.4875 

March 31, 2013 (2)

 

 
3,500 

 

 
0.21 

 

 
25 

 

 
2,990 

 
25,480 

 

 
3,484 

 

 

 -

 

 
31,979 

 

 
0.4875 

June 30, 2013 (2)

 

 
3,500 

 

 
0.21 

 

 
25 

 

 
2,990 

 
25,475 

 

 
3,484 

 

 

 -

 

 
31,974 

 

 
0.4875 

September 30, 2013 (2)

 

 
3,500 

 

 
0.21 

 

 
25 

 

 
2,881 

 
25,465 

 

 
3,484 

 

 

 -

 

 
31,855 

 

 
0.4875 

December 31, 2013 (2)

 

 
3,500 

 

 
0.21 

 

 

 -

 

 

 -

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

December 31, 2013 (4)

 

 

 -

 

 

 -

 

 
8 

 

 
987 

 
8,489 

 

 
1,161 

 

 

 -

 

 
10,645 

 

 
0.1625 

December 31, 2013 (5)

 

 

 -

 

 

 -

 

 
8 

 

 
997 

 
8,489 

 

 
1,161 

 

 

 -

 

 
10,655 

 

 
0.1625 

December 31, 2013 (6)

 

 

 

 

 

 

 

 
8 

 

 
997 

 
8,489 

 

 
1,161 

 

 

 -

 

 
10,655 

 

 
0.1625 

 

 

(1)

Preferred Units were prorated a quarterly distribution for the portion of the fourth quarter beginning on October 3, 2011 through December 31, 2011 in accordance with the Partnership Agreement.

 

(2)

Distributions were made within 45 days after the end of each quarter.

 

(3)

The December 31, 2012 and March 31, 2013 distributions to the Class B units were paid 45 days after the end of the first quarter 2013.

 

(4)

In December 2013, the Board of Directors approved the first monthly distribution of $0.1625 per unit with respect to the fourth quarter of 2013 which was paid in January 2014 to the unitholders of record as of January 13, 2014. This distribution was recorded in the fourth quarter 2013.

 

(5)

In January 2014, the Board of Directors approved the second monthly distribution of $0.1625 per unit with respect to the fourth quarter of 2013 which was paid in February 2014 to the unitholders of record as of February 10, 2014. For more information see Note 22 – Subsequent Events for further details.

 

(6)

In February 2014, the Board of Directors approved the third monthly distribution of $0.1625 per unit with respect to the fourth quarter of 2013 which will be paid in March 2014 to the unitholders of record as of March 10, 2014. For more information see Note 22 – Subsequent Events for further details.