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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:                                    
Rental revenues                               $ 186,301,000 $ 103,974,000 $ 46,397,000
Expense recoveries                               45,875,000 21,587,000 5,871,000
Interest income on real estate loans and other                               8,858,000 3,880,000 1,066,000
Total revenues $ 70,010,000 $ 53,216,000 $ 44,134,000 $ 34,870,000 $ 29,683,000 $ 24,484,000                   241,034,000 129,441,000 53,334,000
Expenses:                                    
Interest expense                               23,864,000 10,636,000 6,907,000
General and administrative                               18,397,000 14,908,000 11,440,000
Operating expenses                               65,999,000 31,026,000 10,154,000
Depreciation and amortization                               86,589,000 45,471,000 16,731,000
Acquisition expenses                               14,778,000 14,893,000 10,897,000
Impairment loss                               0 0 1,750,000
Total expenses                               209,627,000 116,934,000 57,879,000
Income (loss) before equity in income of unconsolidated entities and gain on sale of investment properties: 10,267,000 7,158,000 5,392,000 3,812,000 3,271,000 (459,000)                   31,407,000 12,507,000 (4,545,000)
Equity in income of unconsolidated entities                               115,000 104,000 95,000
Gain on sale of investment properties                 $ 0             0 130,000 32,000
Net income (loss) 10,294,000 7,184,000 5,424,000 3,983,000 3,297,000 (448,000)                   31,522,000 12,741,000 (4,418,000)
Net (income) loss attributable to noncontrolling interests:                                    
Operating Partnership                               (825,000) (576,000) 695,000
Partially owned properties (1) [1]                               (716,000) (377,000) (314,000)
Net income (loss) attributable to controlling interest                               29,981,000 11,788,000 (4,037,000)
Preferred distributions                               (1,857,000) (1,189,000) 0
Net income (loss) attributable to common shareholders $ 9,427,000 $ 6,486,000 $ 4,386,000 $ 3,404,000 $ 2,571,000 $ (522,000)                   $ 28,124,000 $ 10,599,000 $ (4,037,000)
Net income (loss) per share:                                    
Earnings per share - basic (in dollars per share) $ 0.07 $ 0.05 $ 0.04 $ 0.05 $ 0.04 $ (0.01)                   $ 0.22 $ 0.15 $ (0.12)
Earnings per share - diluted (in dollars per share) $ 0.07 $ 0.05 $ 0.04 $ 0.05 $ 0.04 $ (0.01)                   $ 0.22 $ 0.15 $ (0.12)
Weighted average common shares:                                    
Weighted average common shares - basic (in shares) 134,608,396 131,481,329 102,704,008 71,034,747 70,376,959 65,649,478                       33,063,093
Weighted average common shares - diluted (in shares) 138,880,787 135,944,722 107,148,380 75,104,821 74,267,284 65,649,478                   130,466,893 76,792,073 33,063,093
Dividends and distributions declared per common share and OP unit (in dollars per share)                               $ 0.9 $ 0.9 $ 0.9
Earnings per unit:                                    
Earnings per unit - basic (in dollars per share)                               0.22 0.15 (0.12)
Earnings per unit - diluted (in dollars per share)                               $ 0.22 $ 0.15 $ (0.12)
Weighted average common units - basic (in shares)                               129,835,209 76,459,218 36,881,712
Weighted average common units - diluted (in shares)                               130,466,893 76,792,073 36,881,712
Net income (loss) attributable to redeemable noncontrolling interest                               $ 100,000    
Operating Partnership                                    
Revenues:                                    
Rental revenues $ 53,327,000 $ 42,196,000 $ 34,855,000 $ 28,145,000 $ 23,625,000 $ 20,341,000 $ 12,506,000 $ 10,241,000 6,808,000 $ 77,051,000 $ 43,966,000 $ 17,049,000 $ 130,378,000 $ 72,111,000 $ 29,555,000 186,301,000 $ 103,974,000 $ 46,397,000
Expense recoveries 14,361,000 9,552,000 7,903,000 5,821,000 4,908,000 3,536,000 1,355,000 1,020,000 1,070,000 17,455,000 8,444,000 2,090,000 31,816,000 14,265,000 3,445,000 45,875,000 21,587,000 5,871,000
Interest income on real estate loans and other 2,322,000 1,468,000 1,376,000 904,000 1,150,000 607,000 300,000 186,000 154,000 2,844,000 1,757,000 340,000 5,166,000 2,661,000 640,000 8,858,000 3,880,000 1,066,000
Total revenues 70,010,000 53,216,000 44,134,000 34,870,000 29,683,000 24,484,000 14,161,000 11,447,000 8,032,000 97,350,000 54,167,000 19,479,000 167,360,000 89,037,000 33,640,000 241,034,000 129,441,000 53,334,000
Expenses:                                    
Interest expense 7,300,000 4,279,000 4,197,000 3,341,000 2,193,000 1,710,000 1,911,000 1,657,000 1,281,000 8,476,000 3,903,000 2,938,000 15,776,000 7,244,000 4,849,000 23,864,000 10,636,000 6,907,000
General and administrative 4,917,000 4,926,000 4,121,000 4,018,000 3,989,000 3,352,000 4,445,000 2,408,000 2,014,000 9,047,000 7,341,000 4,422,000 13,964,000 11,359,000 8,867,000 18,397,000 14,908,000 11,440,000
Operating expenses 19,159,000 13,798,000 11,037,000 7,966,000 7,304,000 5,709,000 2,531,000 2,227,000 1,609,000 24,835,000 13,013,000 3,836,000 43,994,000 20,979,000 6,367,000 65,999,000 31,026,000 10,154,000
Depreciation and amortization 23,969,000 19,799,000 16,010,000 12,476,000 10,351,000 8,240,000 4,413,000 3,736,000 2,416,000 35,809,000 18,591,000 6,152,000 59,778,000 31,067,000 10,565,000 86,589,000 45,471,000 16,731,000
Acquisition expenses 4,398,000 3,256,000 3,377,000 3,257,000 2,575,000 5,932,000 2,922,000 2,045,000 4,287,000 6,633,000 8,507,000 6,332,000 11,031,000 11,764,000 9,254,000 14,778,000 14,893,000 10,897,000
Impairment loss       0     250,000             0 250,000 0 0 1,750,000
Total expenses 59,743,000 46,058,000 38,742,000 31,058,000 26,412,000 24,943,000 16,472,000 12,073,000 11,607,000 84,800,000 51,355,000 23,680,000 144,543,000 82,413,000 40,152,000 209,627,000 116,934,000 57,879,000
Income (loss) before equity in income of unconsolidated entities and gain on sale of investment properties: 10,267,000 7,158,000 5,392,000 3,812,000 3,271,000 (459,000) (2,311,000) (626,000) (3,575,000) 12,550,000 2,812,000 (4,201,000) 22,817,000 6,624,000 (6,512,000) 31,407,000 12,507,000 (4,545,000)
Equity in income of unconsolidated entities 27,000 26,000 32,000 26,000 26,000 26,000 26,000 26,000 17,000 58,000 52,000 43,000 85,000 78,000 69,000 115,000 104,000 95,000
Gain on sale of investment properties 0 0 0 145,000 0 (15,000) 34,000 0 0 0 (15,000) 0 0 130,000 34,000 0 130,000 32,000
Net income (loss) 10,294,000 7,184,000 5,424,000 3,983,000 3,297,000 (448,000) (2,251,000) (600,000) (3,558,000) 12,608,000 2,849,000 (4,158,000) 22,902,000 6,832,000 (6,409,000) 31,522,000 12,741,000 (4,418,000)
Net (income) loss attributable to noncontrolling interests:                                    
Partially owned properties (1) (176,000) (60,000) (317,000) (79,000) (144,000) (32,000) (76,000) (84,000) (66,000) (377,000) (176,000) (150,000) (553,000) (255,000) (226,000) (716,000) [1] (377,000) [1] (314,000) [1]
Net income (loss) attributable to controlling interest 10,118,000 7,124,000 5,107,000 3,904,000 3,153,000 (480,000) (2,327,000) (684,000) (3,624,000) 12,231,000 2,673,000 (4,308,000) 22,349,000 6,577,000 (6,635,000) 30,806,000 12,364,000 (4,732,000)
Preferred distributions (436,000) (437,000) (548,000) (300,000) (425,000) (66,000) 0 0 0 (985,000) (491,000) 0 (1,421,000) (791,000) 0 (1,857,000) (1,189,000) 0
Net loss attributable to common unitholders           (546,000)     $ (3,624,000)                  
Net income (loss) attributable to common shareholders $ 9,682,000 $ 6,687,000 $ 4,559,000 $ 3,604,000 $ 2,728,000 $ (546,000) $ (2,327,000) $ (684,000)   $ 11,246,000 $ 2,182,000 $ (4,308,000) $ 20,928,000 $ 5,786,000 $ (6,635,000) $ 28,949,000 $ 11,175,000 $ (4,732,000)
Net income (loss) per share:                                    
Earnings per share - basic (in dollars per share)                               $ 0.22 $ 0.15 $ (0.12)
Earnings per share - diluted (in dollars per share)                               $ 0.22 $ 0.15 $ (0.12)
Weighted average common shares:                                    
Weighted average common shares - basic (in shares)                               126,143,114 72,750,724 33,063,093
Weighted average common shares - diluted (in shares)                               130,466,893 76,792,073 33,063,093
Earnings per unit:                                    
Earnings per unit - basic (in dollars per share) $ 0.07 $ 0.05 $ 0.04 $ 0.05 $ 0.04 $ (0.01) $ (0.06) $ (0.02)   $ 0.09 $ 0.03 $ (0.15) $ 0.17 $ 0.08 $ (0.21) $ 0.22 $ 0.15 $ (0.12)
Earnings per unit - diluted (in dollars per share) $ 0.07 $ 0.05 $ 0.04 $ 0.05 $ 0.04 $ (0.01) $ (0.06) $ (0.02)   $ 0.09 $ 0.03 $ (0.15) $ 0.16 $ 0.08 $ (0.21) $ 0.22 $ 0.15 $ (0.12)
Weighted average common units - basic (in shares) 138,227,384 135,351,672 106,550,467 74,864,677 74,075,323 69,146,712 40,898,015 29,962,046   120,951,069 71,624,633 27,493,474 126,751,876 72,716,516 32,010,755 129,835,209 76,459,218 36,881,712
Weighted average common units - diluted (in shares) 138,880,787 135,944,722 107,148,380 75,104,821 74,267,284 69,146,712 40,898,015 29,962,046   121,575,247 71,862,249 27,493,474 127,395,989 73,040,846 32,010,755 130,466,893 76,792,073 36,881,712
Distributions declared per common OP Unit (in dollars per share) $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.225 $ 0.45 $ 0.45 $ 0.45 $ 0.675 $ 0.675 $ 0.675 $ 0.9 $ 0.9 $ 0.9
Net loss per unit (in dollars per share)           $ (0.01)     $ (0.15)                  
Weighted average common units (in shares)           69,146,712     24,997,474                  
Net income (loss) attributable to redeemable noncontrolling interest                               $ 100,000    
[1] Includes $0.1 million of net income attributable to redeemable noncontrolling interests for the year ended December 31, 2016. No such adjustments are required for the years ended December 31, 2015 and 2014.