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CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Dividends in excess of net income [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Non-Controlling Interest [Member]
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2014 | $ 356,035 | $ 1 | $ 388,263 | $ (32,584) | $ (2,060) | $ 2,415
Balance (in shares) at Dec. 31, 2014 |  | 17,539,946 |  |  |  |
Issuance of common stock, net of issuance costs | 92,260 | $ 1 | 92,259 | 0 | 0 | 0
Issuance of common stock, net of issuance costs (in shares) |  | 3,043,812 |  |  |  |
Issuance of restricted stock under the Omnibus Incentive Plan | 0 | $ 0 | 0 | 0 | 0 | 0
Issuance of restricted stock under the Omnibus Incentive Plan (in shares) |  | 85,597 |  |  |  |
Forfeiture of restricted stock | 0 | $ 0 | 0 | 0 | 0 | 0
Forfeiture of restricted stock (in shares) |  | (32,054) |  |  |  |
Vesting of restricted stock | 1,992 | $ 0 | 1,992 | 0 | 0 | 0
Dividends and distributions declared for the period | (35,336) | 0 | 0 | (34,696) | 0 | (640)
Other comprehensive income (loss) - change in fair value of interest rate swaps | (1,093) | 0 | 0 | 0 | (1,070) | (23)
Net income | 39,762 | 0 | 0 | 39,018 | 0 | 744
Balance at Dec. 31, 2015 | 453,620 | $ 2 | 482,514 | (28,262) | (3,130) | 2,496
Balance (in shares) at Dec. 31, 2015 |  | 20,637,301 |  |  |  |
Issuance of common stock, net of issuance costs | 228,011 | $ 1 | 228,010 | 0 | 0 | 0
Issuance of common stock, net of issuance costs (in shares) |  | 5,461,459 |  |  |  |
Repurchase of common shares | (712) | $ 0 | (712) | 0 | 0 | 0
Repurchase of common shares (in shares) |  | (20,569) |  |  |  |
Issuance of restricted stock under the Omnibus Incentive Plan | 0 | $ 0 | 0 | 0 | 0 | 0
Issuance of restricted stock under the Omnibus Incentive Plan (in shares) |  | 93,363 |  |  |  |
Forfeiture of restricted stock | 0 | $ 0 | 0 | 0 | 0 | 0
Forfeiture of restricted stock (in shares) |  | (6,577) |  |  |  |
Vesting of restricted stock | 2,257 | $ 0 | 2,257 | 0 | 0 | 0
Dividends and distributions declared for the period | (46,081) | 0 | 0 | (45,414) | 0 | (667)
Other comprehensive income (loss) - change in fair value of interest rate swaps | 2,618 | 0 | 0 | 0 | 2,594 | 24
Net income | 45,797 | 0 | 0 | 45,118 | 0 | 679
Balance at Dec. 31, 2016 | 685,510 | $ 3 | 712,069 | (28,558) | (536) | 2,532
Balance (in shares) at Dec. 31, 2016 |  | 26,164,977 |  |  |  |
Issuance of common stock, net of issuance costs | 222,695 | $ 0 | 222,695 | 0 | 0 | 0
Issuance of common stock, net of issuance costs (in shares) |  | 4,786,604 |  |  |  |
Repurchase of common shares | (1,111) | $ 0 | (1,111) | 0 | 0 | 0
Repurchase of common shares (in shares) |  | (23,925) |  |  |  |
Issuance of restricted stock under the Omnibus Incentive Plan | 0 | $ 0 | 0 | 0 | 0 | 0
Issuance of restricted stock under the Omnibus Incentive Plan (in shares) |  | 88,466 |  |  |  |
Forfeiture of restricted stock | 0 | $ 0 | 0 | 0 | 0 | 0
Forfeiture of restricted stock (in shares) |  | (11,222) |  |  |  |
Vesting of restricted stock | 2,393 | $ 0 | 2,393 | 0 | 0 | 0
Dividends and distributions declared for the period | (59,022) | 0 | 0 | (58,317) | 0 | (705)
Other comprehensive income (loss) - change in fair value of interest rate swaps | 1,935 | 0 | 0 | 0 | 1,911 | 24
Net income | 58,790 | 0 | 0 | 58,112 | 0 | 678
Balance at Dec. 31, 2017 | $ 911,190 | $ 3 | $ 936,046 | $ (28,763) | $ 1,375 | $ 2,529
Balance (in shares) at Dec. 31, 2017 |  | 31,004,900 |  |  |  |

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