Dividend Reinvestment and Stock Purchase Plan	3 Months Ended
Mar. 31, 2016
Dividend Reinvestment and Stock Purchase Plan
Dividend Reinvestment and Stock Purchase Plan	18.Dividend Reinvestment and Stock Purchase Plan Our Dividend Reinvestment and Stock Purchase Plan, or the DRSPP, provides our common stockholders, as well as new investors, with a convenient and economical method of purchasing our common stock and reinvesting their distributions. The DRSPP also allows our current stockholders to buy additional shares of common stock by reinvesting all or a portion of their distributions. The DRSPP authorizes up to 26,000,000 common shares to be issued. During the first three months of 2016, we issued 61,458 shares and raised approximately $3.5 million under the DRSPP. During the first three months of 2015, we issued 2,023,276 shares and raised approximately $102.2 million under the DRSPP. From the inception of the DRSPP through March 31, 2016, we have issued 12,761,320 shares and raised approximately $585.1 million. We pay for a majority of the plan-related fees related to our DRSPP. Additionally, our DRSPP includes a waiver approval process, allowing larger investors or institutions, per a formal approval process, to purchase shares at a small discount, if approved by us. During the first three months of 2016, we did not issue shares under the waiver approval process. During the first three months of 2015, we issued 1,980,994 shares and raised $100.0 million under the waiver approval process. These shares are included in the total activity for the first three months of 2015 noted in the preceding paragraph.

18.Dividend Reinvestment and Stock Purchase Plan

Our Dividend Reinvestment and Stock Purchase Plan, or the DRSPP, provides our common stockholders, as well as new investors, with a convenient and economical method of purchasing our common stock and reinvesting their distributions. The DRSPP also allows our current stockholders to buy additional shares of common stock by reinvesting all or a portion of their distributions. The DRSPP authorizes up to 26,000,000 common shares to be issued. During the first three months of 2016, we issued 61,458 shares and raised approximately $3.5 million under the DRSPP. During the first three months of 2015, we issued 2,023,276 shares and raised approximately $102.2 million under the DRSPP. From the inception of the DRSPP through March 31, 2016, we have issued 12,761,320 shares and raised approximately $585.1 million.

We pay for a majority of the plan-related fees related to our DRSPP. Additionally, our DRSPP includes a waiver approval process, allowing larger investors or institutions, per a formal approval process, to purchase shares at a small discount, if approved by us. During the first three months of 2016, we did not issue shares under the waiver approval process. During the first three months of 2015, we issued 1,980,994 shares and raised $100.0 million under the waiver approval process. These shares are included in the total activity for the first three months of 2015 noted in the preceding paragraph.