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Equity (Tables)
 3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
2016
Net income attributable to common stockholders
$
9,985

 
$
7,428

Increase in additional paid-in capital for the conversion of OP Units into common stock
7,811

 
6,858

Change from net income attributable to common stockholders and transfers from non-controlling interests
$
17,796

 
$
14,286
Summary of Restricted Stock and Long-Term Incentive Plan Activity
The following is a summary of restricted stock and LTIP unit activity for the three months ended March 31, 2017:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2016
107,793

 
2,881,629

 
$
10.01

Vested
(16,577
)
 
(271,136
)
 
13.19

Granted
34,407

 
1,322,166

 
13.55

Forfeited or unearned
(1,404
)
 
(77,227
)
 
14.87

Unvested balance at March 31, 2017
124,219

 
3,855,432

 
$
10.89
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three months ended March 31, 2017 and 2016 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
March 31, 2017
 
March 31, 2016
Numerator - Basic:
 
 
 
Net income
$
19,145

 
$
16,705

Private perpetual preferred unit distributions
(234
)
 
(234
)
Net income attributable to non-controlling interests
(8,926
)
 
(9,043
)
Earnings allocated to unvested shares
(7
)
 
(8
)
Net income attributable to common stockholders - basic
$
9,978

 
$
7,420

 
 
 
 
Numerator - Diluted:
 
 
 
Net income
$
19,145

 
$
16,705

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested shares
(7
)
 
(172
)
Net income attributable to common stockholders - diluted
$
18,904

 
$
16,299

 
 
 
 
Denominator:
 
 
 
Weighted average shares outstanding - basic
156,493

 
120,778

Operating partnership units
139,895

 
145,356

Effect of dilutive securities:
 
 
 
   Stock-based compensation plans
775

 
507

   Exchangeable senior notes
799

 
—

Weighted average shares outstanding - diluted
297,962

 
266,641

 
 
 
 
Earnings per share:
 
 
 
Basic
$
0.06

 
$
0.06

Diluted
$
0.06

 
$
0.06