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Equity (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Net income attributable to common stockholders
$
15,973

 
$
11,220

 
$
34,490

 
$
25,478

Increase in additional paid-in capital for the conversion of OP Units into common stock
5,016

 
24,428

 
20,217

 
53,013

Change from net income attributable to common stockholders and transfers from non-controlling interests
$
20,989

 
$
35,648

 
$
54,707

 
$
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, 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 September 30, 2016
140,035

 
3,159,681

 
$
10.00
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and nine months ended September 30, 2016 and 2015 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
Nine Months Ended,
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
32,897

 
$
26,085

 
$
74,242

 
$
60,558

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(702
)
 
(702
)
Net income attributable to non-controlling interests
(16,690
)
 
(14,631
)
 
(39,050
)
 
(34,378
)
Earnings allocated to unvested shares
(11
)
 
(7
)
 
(27
)
 
(19
)
Net income attributable to common stockholders - basic
$
15,962

 
$
11,213

 
$
34,463

 
$
25,459

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
32,897

 
$
26,085

 
$
74,242

 
$
60,558

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(702
)
 
(702
)
Earnings allocated to unvested shares and LTIP units
(11
)
 
(161
)
 
(27
)
 
(425
)
Net income attributable to common stockholders - diluted
$
32,652

 
$
25,690

 
$
73,513

 
$
59,431

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
136,831

 
115,900

 
126,740

 
112,741

Operating partnership units
141,908

 
149,973

 
143,648

 
153,127

Effect of dilutive securities:
 
 
 
 
 
 
 
   Stock-based compensation plans
1,090

 
—

 
378

 
—

   Exchangeable senior notes
785

 
—

 
262

 
—

Weighted average shares outstanding - diluted
280,614

 
265,873

 
271,028

 
265,868

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.12

 
$
0.10

 
$
0.27

 
$
0.23

Diluted
$
0.12

 
$
0.10

 
$
0.27

 
$
0.22