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Equity (Tables)
 6 Months Ended
Jun. 30, 2016
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
 
Six Months Ended
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
Net income attributable to common stockholders
$
11,089

 
$
11,120

 
$
18,517

 
$
14,258

Increase in additional paid-in capital for the conversion of OP Units into common stock
8,343

 
9,093

 
15,201

 
28,586

Change from net income attributable to common stockholders and transfers from noncontrolling interests
$
19,432

 
$
20,213

 
$
33,718

 
$
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, 2016:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2015
97,592

 
1,415,895

 
$
11.04

Vested
(4,350
)
 
(124,843
)
 
15.89

Granted
47,071

 
1,868,629

 
9.58

Forfeited
(278
)
 
—

 
17.97

Unvested balance at June 30, 2016
140,035

 
3,159,681

 
$
10.00
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and six months ended June 30, 2016 and 2015 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
Six Months Ended,
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
24,640

 
$
26,585

 
$
41,345

 
$
34,473

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(468
)
 
(468
)
Net income attributable to non-controlling interests
(13,317
)
 
(15,231
)
 
(22,360
)
 
(19,747
)
Earnings allocated to unvested shares
(10
)
 
(7
)
 
(18
)
 
(13
)
Net income attributable to common stockholders - basic
$
11,079

 
$
11,113

 
$
18,499

 
$
14,245

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
24,640

 
$
26,585

 
$
41,345

 
$
34,473

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(468
)
 
(468
)
Earnings allocated to unvested shares and LTIP units
(215
)
 
(161
)
 
(387
)
 
(284
)
Net income attributable to common stockholders - diluted
$
24,191

 
$
26,190

 
$
40,490

 
$
33,721

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
122,502

 
112,852

 
121,640

 
111,136

Operating partnership units
143,665

 
153,015

 
144,511

 
154,730

Effect of dilutive securities -
 
 
 
 
 
 
 
   Stock-based compensation plans
—

 
—

 
970

 
—

Weighted average shares outstanding - diluted
266,167

 
265,867

 
267,121

 
265,866

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.10

 
$
0.15

 
$
0.13

Diluted
$
0.09

 
$
0.10

 
$
0.15

 
$
0.13