XML 20 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common stock
Additional paid- in capital
Distributions in excess of earnings
Accumulated other comprehensive loss
Total stockholders’ equity (deficit)
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2013   19,163,413          
Beginning balance at Dec. 31, 2013 $ 105,521 $ 192 $ 1,247 $ (47,934) $ 0 $ (46,495) $ 152,016
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 12,759     7,691   7,691 5,068
Unrealized cash flow hedge losses 0            
Realized cash flow hedge losses reclassified to net income 0            
Net proceeds from sale of common stock (in shares)   5,750,000          
Net proceeds from sale of common stock 49,299 $ 57 49,242     49,299  
Restricted stock award grants (in shares)   109,288          
Restricted stock awards 1,285 $ 1 1,284     1,285  
Acquisitions of real estate investments 16,351           16,351
Exchange of owners’ equity for common units 0   (301)     (301) 301
Dividends and distributions declared (23,309)     (14,170)   (14,170) (9,139)
Ending balance (in shares) at Dec. 31, 2014   25,022,701          
Ending balance at Dec. 31, 2014 161,906 $ 250 51,472 (54,413) 0 (2,691) 164,597
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 31,183     19,642   19,642 11,541
Unrealized cash flow hedge losses (1,075)       (665) (665) (410)
Realized cash flow hedge losses reclassified to net income 27       17 17 10
Net proceeds from sale of common stock (in shares)   4,560,049          
Net proceeds from sale of common stock 46,035 $ 45 45,990     46,035  
Restricted stock award grants (in shares)   78,109          
Restricted stock awards 993 $ 1 992     993  
Acquisitions of real estate investments (in shares)   415,500          
Acquisitions of real estate investments 15,169 $ 4 4,429     4,433 10,736
Exchange of owners’ equity for common units (241)   23     23 (264)
Dividends and distributions declared $ (28,277)     (18,239)   (18,239) (10,038)
Ending balance (in shares) at Dec. 31, 2015 30,076,359 30,076,359          
Ending balance at Dec. 31, 2015 $ 225,720 $ 300 102,906 (53,010) (648) 49,548 176,172
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 42,755     28,074   28,074 14,681
Unrealized cash flow hedge losses 0            
Realized cash flow hedge losses reclassified to net income 0            
Dedesignation of cash flow hedge 1,048       648 648 400
Net proceeds from sale of common stock (in shares)   5,312,855          
Net proceeds from sale of common stock 67,022 $ 53 66,969     67,022  
Restricted stock award grants (in shares)   101,147          
Restricted stock awards 1,162 $ 1 1,161     1,162  
Acquisitions of real estate investments (in shares)   2,000,000          
Acquisitions of real estate investments 47,278 $ 20 26,080     26,100 21,178
Redemption of operating partnership units (58)   (2)     (2) (56)
Dividends and distributions declared $ (35,949)     (24,409)   (24,409) (11,540)
Ending balance (in shares) at Dec. 31, 2016 37,490,361 37,490,361          
Ending balance at Dec. 31, 2016 $ 348,978 $ 374 $ 197,114 $ (49,345) $ 0 $ 148,143 $ 200,835