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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership
 9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership
Issuance of Shares of Common Stock
During the second quarter 2018, the Company issued 4,800,000 shares of the Company's common stock in an underwritten public offering. Proceeds to the Company, net of the underwriter's discount, were $145,584. The proceeds were contributed to the Operating Partnership in exchange for General Partner Units and are reflected in the financial statements as a general partner contribution.
Noncontrolling Interest of the Company
The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2018 and 2017:
 
2018
 
2017
Balance as of December 31
$
48,077

 
$
43,184

    Net Income
2,986

 
3,531

    Other Comprehensive Income (Including a Reallocation of ($77) and $3)
208

 
54

    Common Stock Dividends and Unit Distributions
(1,990
)
 
(2,544
)
    Conversion of Limited Partner Units to Common Stock (A)
(16,509
)
 
(39
)
    Retirement of Limited Partner Units (B)
(934
)
 
—

    Reallocation - Additional Paid-in-Capital
2,309

 
1,569

Balance as of September 30
$
34,147

 
$
45,755


_______________
(A) For the nine months ended September 30, 2018 and 2017, 1,343,461 and 3,437 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company.
(B) During the nine months ended September 30, 2018, 33,333 Limited Partner Units were forfeited by a unitholder and were retired by the Operating Partnership.
Noncontrolling Interest of the Operating Partnership
The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2018 and 2017:
 
2018
 
2017
Balance as of December 31
$
779

 
$
956

    Net Income
65

 
96

    Contributions
124

 
29

    Distributions
(84
)
 
(284
)
Balance as of September 30
$
884

 
$
797


Dividends/Distributions
During the nine months ended September 30, 2018, we declared $83,338 common stock dividends and Unit distributions.