Dividends and Distribution Payable

6 Months Ended

Jun. 30, 2017

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

On May 19, 2017, the Company declared a dividend of $0.505 per share for the quarter ended June 30, 2017. The holders of limited partnership interests in the Operating Partnership (“OP Units”) were entitled to an equal distribution per OP Unit held as of June 30, 2017. The dividends and distributions payable were recorded as liabilities on the Company's consolidated balance sheet at June 30, 2017. 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 July 14, 2017.