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Consolidated Statements of Income - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:                      
Rental revenues                 $ 259,673,000 $ 186,301,000 $ 103,974,000
Expense recoveries                 75,425,000 45,875,000 21,587,000
Interest income on real estate loans and other                 8,486,000 8,858,000 3,880,000
Total revenues $ 97,320,000 $ 92,999,000 $ 76,599,000 $ 76,666,000 $ 73,674,000 $ 70,010,000 $ 53,216,000 $ 44,134,000 343,584,000 241,034,000 129,441,000
Expenses:                      
Interest expense                 47,008,000 23,864,000 10,636,000
General and administrative                 22,957,000 18,397,000 14,908,000
Operating expenses                 97,035,000 65,999,000 31,026,000
Depreciation and amortization                 125,159,000 86,589,000 45,471,000
Acquisition expenses                 16,744,000 14,778,000 14,893,000
Impairment loss                 965,000 0 0
Total expenses                 309,868,000 209,627,000 116,934,000
Income before equity in income of unconsolidated entities and gain on sale of investment properties: 9,523,000 12,511,000 4,994,000 6,688,000 8,590,000 10,267,000 7,158,000 5,392,000 33,716,000 31,407,000 12,507,000
Equity in income of unconsolidated entities                 183,000 115,000 104,000
Gain on sale of investment properties                 5,874,000 0 130,000
Net income 10,187,000 12,539,000 10,331,000 6,716,000 8,620,000 10,294,000 7,184,000 5,424,000 39,773,000 31,522,000 12,741,000
Net income attributable to noncontrolling interests:                      
Operating Partnership                 (1,136,000) (825,000) (576,000)
Partially owned properties [1]                 (491,000) (716,000) (377,000)
Net income attributable to controlling interest                 38,146,000 29,981,000 11,788,000
Preferred distributions                 (731,000) (1,857,000) (1,189,000)
Net income attributable to common shareholders $ 9,536,000 $ 12,018,000 $ 9,670,000 $ 6,191,000 $ 7,825,000 $ 9,427,000 $ 6,486,000 $ 4,386,000 $ 37,415,000 $ 28,124,000 $ 10,599,000
Net income per share:                      
Earnings per share - basic (in dollars per share) $ 0.05 $ 0.07 $ 0.06 $ 0.04 $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.23 $ 0.22 $ 0.15
Earnings per share - diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.06 $ 0.04 $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.23 $ 0.22 $ 0.15
Weighted average common shares:                      
Weighted average common shares - basic (in shares) 179,683,948 177,847,424 155,366,080 138,986,629 135,581,976 134,608,396 131,481,329 102,704,008 163,123,109 126,143,114 72,750,724
Weighted average common shares - diluted (in shares) 185,273,236 183,298,145 161,012,360 142,605,930 139,602,349 138,880,787 135,944,722 107,148,380 168,231,299 130,466,893 76,792,073
Dividends and distributions declared per common share and OP unit (in dollars per share)                 $ 0.915 $ 0.900 $ 0.900
Earnings per unit:                      
Net income (loss) attributable to redeemable noncontrolling interest                 $ 300,000 $ 100,000 $ 0
Operating Partnership                      
Revenues:                      
Rental revenues                 259,673,000 186,301,000 103,974,000
Expense recoveries                 75,425,000 45,875,000 21,587,000
Interest income on real estate loans and other                 8,486,000 8,858,000 3,880,000
Total revenues $ 97,320,000 $ 92,999,000 $ 76,599,000 $ 76,666,000 $ 73,674,000 $ 70,010,000 $ 53,216,000 $ 44,134,000 343,584,000 241,034,000 129,441,000
Expenses:                      
Interest expense                 47,008,000 23,864,000 10,636,000
General and administrative                 22,957,000 18,397,000 14,908,000
Operating expenses                 97,035,000 65,999,000 31,026,000
Depreciation and amortization                 125,159,000 86,589,000 45,471,000
Acquisition expenses                 16,744,000 14,778,000 14,893,000
Impairment loss                 965,000 0  
Total expenses                 309,868,000 209,627,000 116,934,000
Income before equity in income of unconsolidated entities and gain on sale of investment properties: 9,523,000 12,511,000 4,994,000 6,688,000 8,590,000 10,267,000 7,158,000 5,392,000 33,716,000 31,407,000 12,507,000
Equity in income of unconsolidated entities                 183,000 115,000 104,000
Gain on sale of investment properties                 5,874,000 0 130,000
Net income 10,187,000 12,539,000 10,331,000 6,716,000 8,620,000 10,294,000 7,184,000 5,424,000 39,773,000 31,522,000 12,741,000
Net income attributable to noncontrolling interests:                      
Partially owned properties                 (491,000) (716,000) (377,000) [1]
Net income attributable to controlling interest                 39,282,000 30,806,000 12,364,000
Preferred distributions                 (731,000) (1,857,000) (1,189,000)
Net income attributable to common shareholders $ 9,849,000 $ 12,380,000 $ 9,984,000 $ 6,338,000 $ 8,021,000 $ 9,682,000 $ 6,687,000 $ 4,559,000 $ 38,551,000 $ 28,949,000 $ 11,175,000
Net income per share:                      
Earnings per share - basic (in dollars per share) $ 0.05 $ 0.07 $ 0.06 $ 0.04 $ 0.06 $ 0.07 $ 0.05 $ 0.04      
Earnings per share - diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.06 $ 0.04 $ 0.06 $ 0.07 $ 0.05 $ 0.04      
Earnings per unit:                      
Earnings per unit - basic (in dollars per share)                 $ 0.23 $ 0.22 $ 0.15
Earnings per unit - diluted (in dollars per share)                 $ 0.23 $ 0.22 $ 0.15
Weighted average common units - basic (in shares) 185,048,580 183,227,405 160,765,345 142,172,746 139,018,183 138,227,384 135,351,672 106,550,467 167,963,076 129,835,209 76,459,218
Weighted average common units - diluted (in shares) 185,273,236 183,298,145   142,605,930   138,880,787 135,944,722 107,148,380 168,231,299 130,466,893 76,792,073
Distributions declared per common OP Unit (in dollars per share)                 $ 0.915 $ 0.900 $ 0.900
Net income (loss) attributable to redeemable noncontrolling interest                 $ 300,000 $ 100,000 $ 0
[1] adjustment of $0.3 million and $0.1 million was required for net income attributable to redeemable noncontrolling interests for the year ended December 31, 2017 and December 31, 2016, respectively. No such adjustment was required for the year ended December 31, 2015.