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Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Change in Net Income Attributable to Common Shareholders
The following is net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP Units into common stock (amounts in thousands):
 
 
Three Months Ended March 31, 2016
 
Three Months Ended March 31, 2015
Net income attributable to common stockholders
 
$
7,428

 
$
3,138

Increase in additional paid-in capital for the conversion of OP Units into common stock
 
6,858

 
19,493

Change from net income attributable to common stockholders and transfers from noncontrolling interests
 
$
14,286

 
$
22,631
Summary of Restricted Stock and Long-Term Incentive Plan Activity
The following is a summary of restricted stock and LTIP unit activity for the three months ended March 31, 2016:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Price
Unvested balance at December 31, 2015
97,592

 
1,415,895

 
$
15.20

Vested
(4,350
)
 
(100,595
)
 
16.52

Granted
44,198

 
1,821,360

 
15.92

Forfeited
—

 
—

 
—

Unvested balance at March 31, 2016
137,440

 
3,136,660

 
$
15.57
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three months ended March 31, 2016 and 2015 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended
 
March 31, 2016
 
March 31, 2015
Numerator - Basic:
 
 
 
Net income
$
16,705

 
$
7,888

Private perpetual preferred unit distributions
(234
)
 
(234
)
Net income attributable to non-controlling interests
(9,043
)
 
(4,516
)
Earnings allocated to unvested shares
(8
)
 
(7
)
Net income attributable to common stockholders - basic
$
7,420

 
$
3,131

 
 
 
 
Numerator - Diluted:
 
 
 
Net income
$
16,705

 
$
7,888

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested shares and LTIP units
(172
)
 
(144
)
Net income attributable to common stockholders - diluted
$
16,299

 
$
7,510

 
 
 
 
Denominator:
 
 
 
Weighted average shares outstanding - basic
120,778

 
109,400

Operating partnership units
145,356

 
156,410

Effect of dilutive securities -
 
 
 
   Stock-based compensation plans
507

 
—

Weighted average shares outstanding - diluted
266,641

 
265,810

 
 
 
 
Earnings per share:
 
 
 
Basic
$
0.06

 
$
0.03

Diluted
$
0.06

 
$
0.03