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Common Shares of Beneficial Interest
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Common Shares of Beneficial Interest
Common Shares of Beneficial Interest
We had an at-the-market ("ATM") equity offering program, which terminated on September 29, 2017, under which we could sell up to $250 million of common shares, in amounts and at times as we determined, at prices determined by the market at the time of sale. No common shares remain available for sale under this program.
No shares were sold under the ATM equity offering program during the three and nine months ended September 30, 2017. The following shares were sold under the ATM equity offering programs during the three and nine months ended September 30, 2016 (in thousands, except per share amounts):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2016
 
 
 
 
Shares sold
188

 
3,465

Weighted average price per share
$
41.67

 
$
38.35

Gross proceeds
$
7,827

 
$
132,884


We have a $200 million share repurchase plan. Under this plan, we may repurchase common shares from time-to-time in open-market or in privately negotiated purchases. The timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors. The repurchase plan may be suspended or discontinued at any time, and we have no obligations to repurchase any amount of our common shares under the plan. As of the date of this filing, we have not repurchased any shares under this plan.