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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership
 6 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]  
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership
Issuance of Shares of Common Stock
During the six months ended June 30, 2018, the Company issued 4,800,000 shares of the Company's common stock in an underwritten public offering. Proceeds to the Company, net of the underwriter's discount, were $145,584. The proceeds were contributed to the Operating Partnership in exchange for General Partner Units and are reflected in the financial statements as a general partner contribution.
Noncontrolling Interest of the Company
The following table summarizes the changes in noncontrolling interest for the Company for the six months ended June 30, 2018 and 2017:
 
2018
 
2017
Balance as of December 31
$
48,077

 
$
43,184

    Net Income
2,367

 
2,073

    Other Comprehensive Income (Including a Reallocation of ($63) and $3)
200

 
30

    Common Stock Dividends and Unit Distributions
(1,418
)
 
(1,696
)
    Conversion of Limited Partner Units to Common Stock (A)
(12,327
)
 
—

    Retirement of Limited Partner Units (B)
(934
)
 
—

    Reallocation - Additional Paid-in-Capital
2,218

 
1,525

Balance as of June 30
$
38,183

 
$
45,116


_______________
(A) For the six months ended June 30, 2018, 1,019,677 Limited Partner Units were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $12,327 of noncontrolling interest to the Company's stockholders' equity.
(B) During the six months ended June 30, 2018, 33,333 Limited Partner Units were forfeited by a unitholder and were retired by the Operating Partnership.
Noncontrolling Interest of the Operating Partnership
The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the six months ended June 30, 2018 and 2017:
 
2018
 
2017
Balance as of December 31
$
779

 
$
956

    Net Income
43

 
53

    Contributions
121

 
20

    Distributions
(64
)
 
(82
)
Balance as of June 30
$
879

 
$
947


Dividends/Distributions
During the six months ended June 30, 2018, we declared $55,316 common stock dividends and Unit distributions.