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Subsequent Events | 6 Months Ended
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Jun. 30, 2017
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Credit Facilities From July 1, 2017, through July 31, 2017, the Company paid down $92.0 million on our revolving credit facility, resulting in no outstanding borrowings under our revolving credit facility as of July 31, 2017. Subsequent Dispositions From July 1, 2017, through July 31, 2017, the Company disposed of 27 properties for aggregate net proceeds of approximately $4.6 million. Subsequent Acquisitions From July 1, 2017, through July 31, 2017, the Company acquired 314 properties for an aggregate purchase price of approximately $61.5 million, which included our initial delivery of eight homes developed through our internal construction program. Share Issuances From July 1, 2017, through July 31, 2017, the Company issued 1.2 million Class A common shares under its "at the market" program for gross proceeds of $26.9 million, or $22.73 per share, and net proceeds of $26.5 million, after commissions and other expenses of approximately $0.4 million. As of July 31, 2017, $249.8 million remained available for future share issuances under the "at the market" program. Perpetual Preferred Share Offering In July 2017, the Company issued 4,600,000 5.875% Series G cumulative redeemable perpetual preferred shares in an underwritten public offering, raising gross proceeds of $115.0 million before offering costs of approximately $4.1 million, with a liquidation preference of $25.00 per share. Declaration of Dividends On August 3, 2017, our board of trustees declared quarterly dividends of $0.05 per Class A common share payable on September 29, 2017, to shareholders of record on September 15, 2017, and $0.05 per Class B common share payable on September 29, 2017, to shareholders of record on September 15, 2017. Additionally, our board of trustees also declared quarterly dividends of $0.3125 per share on the Company’s 5.0% Series A participating preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, $0.3125 per share on the Company’s 5.0% Series B participating preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, $0.34375 per share on the Company’s 5.5% Series C participating preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, $0.40625 per share on the Company’s 6.5% Series D perpetual preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, $0.39688 per share on the Company’s 6.35% Series E perpetual preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, $0.36719 per share on the Company’s 5.875% Series F perpetual preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017, and $0.30191 per share on the 5.875% Series G perpetual preferred shares payable on September 29, 2017, to shareholders of record on September 15, 2017.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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