Equity Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Activity

The following table details the restricted shares activity within the Equity Plan and Director Stock Plan during the years ended December 31, 2014, 2013, and 2012:

Restricted Share Awards:

	Equity Plan				RSP and Director Stock Plan
	Number of Restricted Common Shares		Weighted-Average Issue Price		Number of Restricted Common Shares		Weighted-Average Issue Price
Awarded January 1, 2012	167,400		12.50		14,700		11.50
Granted	93,683		10.65		30,634		10.45
Forfeited	(1,174	)	10.65		(13,650	)	11.54
Awarded December 31, 2012	259,909		$	11.84	31,684		$	10.47
Granted	932,527		13.82		20,768		14.58
Forfeited	(1,085	)	12.85		(3,000	)	12.99
Awarded December 31, 2013	1,191,351		$	13.39	49,452		$	12.04
Granted	6,484,105		13.09		3,000		13.99
Forfeited	(3,055,546	)	12.65		—		—
Awarded December 31, 2014	4,619,910		$	13.46	52,452		$	12.15

Unvested Restricted Share Awards:

	Equity Plan				Director Stock Plan
	Shares of Restricted Common Stock		Weighted-Average Issue Price		Shares of Restricted Common Stock		Weighted-Average Issue Price
Unvested, January 1, 2012	139,500		12.50		14,700		11.50
Granted	93,683		10.65		30,634		10.45
Vested	(59,556	)	12.38		(2,370	)	11.88
Forfeited	(1,174	)	10.65		(13,650	)	11.54
Unvested, December 31, 2012	172,453		$	11.55	29,314		$	10.35
Granted	932,527		13.82		20,768		14.58
Vested	(172,453	)	11.55		(28,207	)	11.03
Forfeited	(1,085	)	12.85		(3,000	)	12.99
Unvested, December 31, 2013	931,442		$	13.82	18,875		$	13.52
Granted	6,484,105		13.09		3,000		13.99
Vested	(1,675,939	)	13.11		(21,875	)	13.58
Forfeited	(3,055,546	)	12.65		—		—
Unvested, December 31, 2014	2,684,062		$	13.84	—		$	—

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Performance Schedule [Table Text Block]

Subject to the New OPP Cap, the pool was to equal an amount to be determined based on the General Partner’s level of achievement of total return to stockholders, including both share price appreciation and common stock distributions (“Total Return”), as measured against an absolute hurdle and against a peer group of companies for a three-year performance period that commenced on October 1, 2013 (the “Performance Period”), with valuation dates on which a portion of the LTIP Units up to a specified amount of the New OPP Cap could be earned on the last day of each 12-month period during the Performance Period (each an “Annual Period”) and the initial 24-month period of the Performance Period (the “Interim Period”), as follows:

		Performance Period	Annual Period	Interim Period
Absolute Component: 4% of any excess Total Return attained above an absolute hurdle measured from the beginning of such period:		21%	7%	14%
Relative Component: 4% of any excess Total Return attained above the median Total Return for the performance period of the Peer Group(1), subject to a ratable sliding scale factor as follows based on achievement of cumulative Total Return measured from the beginning of such period:
•	100% will be earned if cumulative Total Return achieved is at least:	18%	6%	12%
•	50% will be earned if a cumulative Total Return achieved is:	0%	0%	0%
•	0% will be earned if cumulative Total Return achieved is less than:	0%	0%	0%
•	a percentage from 50% to 100% calculated by linear interpolation will be earned if cumulative Total Return achieved is if between:	0% - 18%	0% - 6%	0%- 12%

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(1) The “Peer Group” was comprised of the following companies: EPR Properties; Getty Realty Corporation; Lexington Realty Trust; National Retail Properties, Inc.; Realty Income Corporation; and Spirit Realty Capital, Inc.