Dividends and Distribution Payable

9 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

On September 15, 2015, the Company declared a dividend of $0.465 per share for the quarter ended September 30, 2015. The holders of limited partnership interests in the Operating Partnership (“OP Units”) were entitled to an equal distribution per OP Unit held as of September 30, 2015. The dividends and distributions payable were recorded as liabilities on the Company's consolidated balance sheet at September 30, 2015. The dividend has been reflected as a reduction of stockholders' equity and the distribution has been reflected as a reduction of the limited partners' non-controlling interest. These amounts were paid on October 13, 2015.