Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Reconciliation of Numerator and Denominator used in Computation of Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share (dollars in thousands):

(dollar amounts in thousands)	Three Months Ended March 31, 2019
Numerator for basic and diluted earnings per share:
Net income	$	8,723
Less: net income attributable to non-controlling interests		(2,594	)
Less: net income allocated to unvested restricted common stock		(155	)
Net income available for common stockholders: basic		5,974
Net income attributable to non-controlling interests		2,594
Net income available for common stockholders: diluted	$	8,568
Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding		45,974,158
Less: weighted average number of shares of unvested restricted common stock		(733,911	)
Weighted average shares outstanding used in basic net income per share		45,240,247
Effects of dilutive securities: (1)
OP Units		19,056,552
Unvested restricted common stock and RSUs		343,255
Weighted average shares outstanding used in diluted net income per share		64,640,054

(1) Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive.