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Common Stock and Other Equity Related Transactions | 9 Months Ended
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Sep. 30, 2018
Equity [Abstract] |
Common Stock and Other Equity Related Transactions | Common Stock and Other Equity Related Transactions Common Stockholder Distribution Activity The following quarterly distributions have been declared and paid to common stockholders and non-controlling common operating partnership unit ("OP Unit") holders since January 1, 2017:
Distribution Amount Per Share |  | For the Quarter Ended |  | Stockholder Record Date |  | Payment Date
$0.4875 |  | March 31, 2017 |  | March 31, 2017 |  | April 14, 2017
$0.4875 |  | June 30, 2017 |  | June 30, 2017 |  | July 14, 2017
$0.4875 |  | September 30, 2017 |  | September 29, 2017 |  | October 13, 2017
$0.4875 |  | December 31, 2017 |  | December 29, 2017 |  | January 12, 2018
$0.5500 |  | March 31, 2018 |  | March 30, 2018 |  | April 13, 2018
$0.5500 |  | June 30, 2018 |  | June 29, 2018 |  | July 13, 2018
$0.5500 |  | September 30, 2018 |  | September 28, 2018 |  | October 12, 2018
On November 2, 2017, we adopted a new at-the-market (“ATM”) equity offering program with certain sales agents, pursuant to which we may sell, from time-to-time, shares of our Common Stock, par value $0.01 per share, having an aggregate offering price of up to $200.0 million. Under our prior ATM program, the aggregate offering price was up to $125.0 million. The following table presents the shares that were issued under the ATM equity offering programs during the nine months ended September 30, 2018 and nine months ended September 30, 2017.
(amounts in thousands, except stock data): |  | Nine Months Ended
|  | September 30, 2018 |  | September 30, 2017
Shares of Common Stock sold |  | 861,141 |  |  | 484,913 |
Weighted average price |  | $ | 91.45 |  |  | $ | 86.69 |
Total gross proceeds |  | $ | 78,755 |  |  | $ | 42,037 |
Commissions paid to sales agents |  | $ | 1,028 |  |  | $ | 526 |
As of September 30, 2018, approximately $71.2 million of Common Stock remained available for issuance under the ATM equity offering program. Exchanges Subject to certain limitations, holders of OP Units can request an exchange of any or all of their OP Units for shares of Common Stock at any time. Upon receipt of such a request, we may, in lieu of issuing shares of Common Stock, cause the Operating Partnership to pay cash. During the nine months ended September 30, 2018, 87,718 OP Units were exchanged for an equal number of shares of Common Stock. During the same period in 2017, 1,335,247 OP Units were exchanged for an equal number of shares of Common Stock. Series C Preferred Stock Redemption and Distribution Activity During the nine months ended September 30, 2017, we redeemed our 6.75% Series C Preferred Stock for $138.4 million, including accrued dividends. The shares of Series C Preferred Stock that were redeemed now have the status of authorized but unissued preferred stock, without designation as to class or series. There were no shares of 6.75% Series C Preferred Stock issued or outstanding as of September 30, 2017 or 2018. The following quarterly distributions have been declared and paid to our preferred stockholders since January 1, 2017 and prior to the stock's redemption, which occurred in September 2017:
Distribution Amount Per Share |  | For the Quarter Ended |  | Stockholder Record Date |  | Payment Date
$0.421875 |  | March 31, 2017 |  | March 10, 2017 |  | March 31, 2017
$0.421875 |  | June 30, 2017 |  | June 15, 2017 |  | June 30, 2017
$0.421875 |  | September 30, 2017 |  | September 15, 2017 |  | September 25, 2017

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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