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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net increase (decrease) in shareholders' equity resulting from operations                      
Net Income (Loss) Attributable to Parent $ 1,780 $ 3,896 $ 13,152 $ 19,261 $ 2,637 $ 12,948 $ 20,947 $ 22,635 $ 38,089 $ 59,167 [1] $ 78,524 [1]
Net Income (Loss) Attributable to Participating Non-controlling Interest [2]                 239 472 735
Net income (loss) attributable to parent and participating non-controlling interest                 38,328 59,639 79,259
Net increase in shareholders' equity resulting from operations– common shares                 37,604 58,306 77,219
Net increase in shareholders' equity resulting from operations– LTIP units                 485 861 1,305
Dividends Paid:                      
Common shareholders [3]                 (81,886) (84,527) (89,732)
LTIP unit holders [3]                 (1,054) (1,269) (1,524)
Non-controlling Interest [3]                 (520) (653) (811)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest [3],[4]                 (83,460) (86,449) (92,067)
Undistributed (Distributed in excess of) earnings:                      
Common shareholders                 (44,282) (26,221) (12,513)
LTIP unit holders                 (569) (408) (219)
Non-controlling interest                 (281) (181) (76)
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest                 $ (45,132) $ (26,810) $ (12,808)
Weighted average shares outstanding (basic and diluted):                      
Weighted average common shares outstanding                 33,422,053 27,962,304 23,587,692
Weighted average participating LTIP units                 431,640 413,105 398,789
Weighted average non-controlling interest units                 212,000 212,000 212,000
Basic earnings per common share:                      
Distributed (in usd per share)                 $ 2.45 $ 3.08 $ 3.83
Undistributed (Distributed in excess of) (in usd per share)                 (1.32) (0.99) (0.55)
Basic earnings per common share (in usd per share)                 1.13 2.09 3.28
Diluted earnings per common share:                      
Distributed (in usd per share)                 2.45 3.08 3.83
Undistributed (Distributed in excess of) (in usd per share)                 (1.32) (0.99) (0.55)
Diluted earnings per common share (in usd per share)                 $ 1.13 $ 2.09 $ 3.28
Net Income (Loss) Attributable to Non-Participating Non-controlling Interest                 $ 100 $ 300 $ 100
[1] Conformed to current period presentation.
[2] For the years ended December 31, 2015, 2014, and 2013, excludes net increase in equity resulting from operations of $0.1 million, $0.3 million, and $0.1 million, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9.
[3] The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.
[4] For the years ended December 31, 2015, 2014, and 2013, dividends totaling $2.45, $3.08, and $3.83, respectively, per common share and convertible unit outstanding, were declared and paid.