Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

20. Subsequent Events

On January 3, 2017, the Company issued an aggregate of 31,633 LTIP Units to members of the Company’s board of directors with a grant date fair value of $18.02 per LTIP Unit and a fair value of $0.6 million. The LTIP Units are scheduled to vest in January 2018, subject to continued service.

On February 27, 2017, the Company’s board of directors declared a quarterly dividend of $0.25 per share of common stock, or $1.00 per share on an annualized basis, payable on April 20, 2017 to holders of record as of March 31, 2017. The Company’s board of directors also authorized the Operating Partnership to make a distribution of $0.25 per OP Unit to the partners in the Operating Partnership, which includes affiliates of Hunt.