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Equity (Tables)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Schedule of Change in Net Income Attributable to Common Shareholders
The following is net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP units into common stock (amounts in thousands):
 
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
Net income attributable to common stockholders
 
$
11,120

 
$
14,258

Increase in additional paid-in capital for the conversion of OP units into common stock
 
9,093

 
28,586

Change from net income attributable to common stockholders and transfers from noncontrolling interests
 
$
20,213

 
$
42,844
Summary of Restricted Stock and Long-Term Incentive Plan Activity
The following is a summary of restricted stock and LTIP unit activity for the six months ended June 30, 2015:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2014
102,296

 
1,194,660

 
$
13.78

Vested
(6,261
)
 
(59,875
)
 
15.03

Granted
30,020

 
461,180

 
18.11

Forfeited
(6,397
)
 
(1,108
)
 
15.29

Unvested balance at June 30, 2015
119,658

 
1,594,857

 
$
14.96
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and six months ended June 30, 2015 and 2014 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
June 30, 2015
 
June 30, 2014
 
June 30, 2015
 
June 30, 2014
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
26,585

 
$
25,281

 
$
34,473

 
$
36,512

Private perpetual preferred unit distributions
(234
)
 
—

 
(468
)
 
—

Net income attributable to non-controlling interests
(15,231
)
 
(15,447
)
 
(19,747
)
 
(22,309
)
Earnings allocated to unvested shares
(7
)
 
(9
)
 
(13
)
 
(19
)
Net income attributable to common stockholders - basic
$
11,113

 
$
9,825

 
$
14,245

 
$
14,184

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
26,585

 
$
25,281

 
$
34,473

 
$
36,512

Private perpetual preferred unit distributions
(234
)
 
—

 
(468
)
 
—

Earnings allocated to unvested shares and LTIP units
(161
)
 
(108
)
 
(284
)
 
(247
)
Net income attributable to common stockholders - diluted
$
26,190

 
$
25,173

 
$
33,721

 
$
36,265

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
112,852

 
95,466

 
111,136

 
95,466

Operating partnership units
153,015

 
148,970

 
154,730

 
148,965

Weighted average shares outstanding - diluted
265,867

 
244,436

 
265,866

 
244,431

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.10

 
$
0.13

 
$
0.15

Diluted
$
0.10

 
$
0.10

 
$
0.13

 
$
0.15