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Earnings Per Unit ("EPU")
 6 Months Ended
Jun. 30, 2013
Earnings Per Unit [Abstract]  
Earnings Per Unit ("EPU")
10. Earnings Per Unit (“EPU”)
The computation of basic and diluted EPU is presented below:
 
Three Months
Ended
June 30, 2013
 
Three Months
Ended
June 30, 2012
 
Six Months
Ended
June 30, 2013
 
Six Months
Ended
June 30, 2012
Numerator:
 
 
 
 
 
 
 
Loss from Continuing Operations
$
(2,144
)
 
$
(12,708
)
 
$
(634
)
 
$
(17,549
)
Gain on Sale of Real Estate
—

 
—

 
262

 
—

Preferred Unit Distributions
(2,277
)
 
(4,798
)
 
(6,114
)
 
(9,560
)
Redemption of Preferred Units
(3,546
)
 
—

 
(3,546
)
 
—

Loss from Continuing Operations Available to Unitholders
$
(7,967
)
 
$
(17,506
)
 
$
(10,032
)
 
$
(27,109
)
Income from Discontinued Operations
$
13,537

 
$
2,364

 
$
10,637

 
$
8,309

Income from Discontinued Operations Allocable to Participating Securities
(42
)
 
—

 
(78
)
 
—

Income from Discontinued Operations Attributable to Unitholders
$
13,495

 
$
2,364

 
$
10,559

 
$
8,309

Net Income (Loss) Available
$
5,570

 
$
(15,142
)
 
$
605

 
$
(18,800
)
Net Income Allocable to Participating Securities
(42
)
 
—

 
(78
)
 
—

Net Income (Loss) Available to Unitholders
$
5,528

 
$
(15,142
)
 
$
527

 
$
(18,800
)
Denominator:
 
 
 
 
 
 
 
Weighted Average Units — Basic and Diluted
112,808

 
93,106

 
109,163

 
92,458

Basic and Diluted EPU:
 
 
 
 
 
 
 
Loss from Continuing Operations Available to Unitholders
$
(0.07
)
 
$
(0.19
)
 
$
(0.09
)
 
$
(0.29
)
Income from Discontinued Operations Attributable to Unitholders
$
0.12

 
$
0.03

 
$
0.10

 
$
0.09

Net Income (Loss) Available to Unitholders
$
0.05

 
$
(0.16
)
 
$
0.01

 
$
(0.20
)

Participating securities include Units that correspond to the Company's 489,381 and 750,051 unvested restricted stock awards outstanding at June 30, 2013 and 2012, respectively, which participate in non-forfeitable distributions of the Operating Partnership. For the three and six months ended June 30, 2013, participating security holders were allocated income in proportion to the distributions declared during the year. Since participating security holders are not obligated to share in losses and no common distributions were declared during the six months ended June 30, 2012, there was no allocation of income to participating security holders for the three and six months ended June 30, 2012.
The number of weighted average units—diluted is the same as the number of weighted average units — basic for the three and six months ended June 30, 2013 and 2012, as the effect of Units corresponding to the Company's restricted stock unit awards (that do not participate in non-forfeitable distributions of the Operating Partnership) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to Unitholders. Units corresponding to the following awards of the Company were anti-dilutive and could be dilutive in future periods:
 
Number of
Awards
Outstanding At
June 30, 2013
 
Number of
Awards
Outstanding At
June 30, 2012
Non-Participating Securities:
 
 
 
Restricted Stock Unit Awards
328,450

 
713,550