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Equity (Tables)
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Summary of Restricted Stock and Long-Term Incentive Plan Activity
The following is a summary of restricted stock and LTIP unit activity for the nine months ended September 30, 2014:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2013
144,371

 
913,561

 
$
13.00

Vested
(8,491
)
 
—

 
(13.40
)
Granted
14,120

 
488,613

 
15.04

Forfeited
(17,709
)
 
(3,413
)
 
(13.14
)
Unvested balance at September 30, 2014
132,291

 
1,398,761

 
$
13.67
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and nine months ended September 30, 2014 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2014
 
September 30, 2014
Numerator - Basic:
 
 
 
Net income
$
22,734

 
$
59,246

Preferred unit distributions
(241
)
 
(241
)
Net income attributable to non-controlling interests
(14,171
)
 
(36,480
)
Earnings allocated to unvested shares
(8
)
 
(27
)
Net income attributable to common stockholders - basic
$
8,314

 
$
22,498

 
 
 
 
Numerator - Diluted:
 
 
 
Net income
$
22,734

 
$
59,246

Preferred unit distributions
(241
)
 
(241
)
Earnings allocated to unvested shares and LTIP units
(127
)
 
(374
)
Net income attributable to common stockholders - diluted
$
22,366

 
$
58,631

 
 
 
 
Denominator:
 
 
 
Weighted average shares outstanding - basic
97,729

 
96,226

Operating partnership units
165,312

 
154,470

Weighted average shares outstanding - diluted
263,041

 
250,696

 
 
 
 
Earnings per share:
 
 
 
Basic earnings per share
$
0.09

 
$
0.23

Diluted earnings per share
$
0.09

 
$
0.23