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Redeemable Series A Preferred Units (Tables)
12 Months Ended
Dec. 31, 2016
Temporary Equity Disclosure [Abstract]  
Summary of Issuances of Series A Preferred Units

The following table summarizes the issuances of Series A Preferred Units during the year ended December 31, 2016:

 

December 31, 2016

Month Issued

 

Units

 

 

Purchase Price

 

 

Distribution Rate

 

 

Redemption Price per Unit

 

 

Earliest Redemption Date

March 2016

 

 

1,000,000

 

 

$

10,000,000

 

 

 

3.00

%

 

$

10.00

 

 

March 2022

May 2016

 

 

1,386,900

 

 

 

13,869,000

 

 

 

3.00

%

 

 

10.00

 

 

May 2022

September 2016

 

 

1,000,000

 

 

 

10,000,000

 

 

 

3.00

%

 

 

10.00

 

 

September 2022

December 2016

 

 

700,000

 

 

 

7,000,000

 

 

 

3.00

%

 

 

10.00

 

 

December 2022

 

 

 

4,086,900

 

 

$

40,869,000