Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units

12 Months Ended

Dec. 31, 2018

Noncontrolling Interest - Operating Partnership / LImited Partners' Equity - Preferred Units [Abstract]

Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units

NONCONTROLLING INTEREST - OPERATING PARTNERSHIP / LIMITED PARTNERS' EQUITY - PREFERRED UNITS

As of December 31, 2018, the Company had outstanding the following cumulative preferred units of the Operating Partnership:

ISSUE	AMOUNT		UNITS	LIQUIDATION PREFERENCE	DIVIDEND RATE
	(in 000’s)
Series I-2	$	7,537	301	$25	6.25	%

The preferred units are putable at the holder's option at any time and are callable at the Operating Partnership's option after a stated period of time for cash.

Preferred distributions related to the Series I units were $472,000 for each of the years ended December 31, 2018, 2017 and 2016.