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Equity (Tables)
 9 Months Ended
Sep. 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 September 30, 2015
 
Nine Months Ended September 30, 2015
Net income attributable to common stockholders
 
$
11,220

 
$
25,478

Increase in additional paid-in capital for the conversion of OP Units into common stock
 
24,428

 
53,013

Change from net income attributable to common stockholders and transfers from noncontrolling interests
 
$
35,648

 
$
78,491
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, 2015:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2014
102,296

 
1,194,660

 
$
13.78

Vested
(7,405
)
 
(59,875
)
 
15.00

Granted
30,020

 
461,180

 
18.11

Forfeited
(8,977
)
 
(5,544
)
 
16.11

Unvested balance at September 30, 2015
115,934

 
1,590,421

 
$
14.96
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and nine months ended September 30, 2015 and 2014 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
26,085

 
$
22,734

 
$
60,558

 
$
59,246

Private perpetual preferred unit distributions
(234
)
 
(241
)
 
(702
)
 
(241
)
Net income attributable to non-controlling interests
(14,631
)
 
(14,171
)
 
(34,378
)
 
(36,480
)
Earnings allocated to unvested shares
(7
)
 
(8
)
 
(19
)
 
(27
)
Net income attributable to common stockholders - basic
$
11,213

 
$
8,314

 
$
25,459

 
$
22,498

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
26,085

 
$
22,734

 
$
60,558

 
$
59,246

Private perpetual preferred unit distributions
(234
)
 
(241
)
 
(702
)
 
(241
)
Earnings allocated to unvested shares and LTIP units
(161
)
 
(127
)
 
(425
)
 
(374
)
Net income attributable to common stockholders - diluted
$
25,690

 
$
22,366

 
$
59,431

 
$
58,631

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
115,900

 
97,729

 
112,741

 
96,226

Operating partnership units
149,973

 
165,312

 
153,127

 
154,470

Weighted average shares outstanding - diluted
265,873

 
263,041

 
265,868

 
250,696

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.09

 
$
0.23

 
$
0.23

Diluted
$
0.10

 
$
0.09

 
$
0.22

 
$
0.23