NON-CONTROLLING INTEREST IN OPERATING PARTNERSHIP (Tables)

3 Months Ended

Mar. 31, 2016

Noncontrolling Interest [Abstract]

Schedule of Non-controlling Interest Activity

The following table summarizes activity relating to the non-controlling interest in the Operating Partnership which is included in "Mezzanine equity" on the Company's Consolidated Balance Sheets:

	Non-controlling interest in Operating Partnership
	(In thousands)
As of November 12, 2015	$	—
Issuance of Series A Preferred Units	140,000
Preferred distribution accrual	953
As of December 31, 2015	$	140,953
Payment of distribution	(738		)
Preferred distribution accrual	1,750
As of March 31, 2016	$	141,965