NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2014

Noncontrolling Interest [Abstract]

Net income attributable to stockholders and predecessor unit holders

The following table presents net income attributable to the Company’s Class A common stockholders for the year ended December 31, 2014 and net income attributable to predecessor unit holders for the years endedDecember 31, 2013 and 2012:

	Year Ended December 31,
	2014			2013		2012
Net income	97,626,251			188,733,086		169,454,280
Net loss attributable to noncontrolling interest in consolidated joint ventures	368,670			1,098,150		49,084
Net loss attributable to predecessor unitholders	12,628,031			$	189,831,236	$	169,503,364
Net (income) attributable to noncontrolling interest in operating partnership	(66,436,274		)
Net income attributable to Class A common shareholders	$	44,186,678