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Noncontrolling Interests on the Company's Consolidated Financial Statements (Tables)
6 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest
Below is a summary of the activity relating to the noncontrolling interests in the Operating Partnership for the six months ended June 30, 2018 and the twelve months ended December 31, 2017 (in thousands):
 
June 30, 2018
 
December 31, 2017
Balance at beginning of period
$
461,954

 
$
473,882

Distributions
(7,712
)
 
(14,266
)
Issuance of common units
17,714

 
25,723

Redemption of common units
(1,561
)
 
(21,574
)
Net income
10,858

 
3,995

Accumulated other comprehensive income allocation
864

 
(94
)
Fair value adjustment
4,493

 
(5,712
)
Balance at end of period
$
486,610

 
$
461,954

Schedule of Preferred Unit Activity
Below is a summary of the activity relating to the preferred units in the Operating Partnership for the three months ended June 30, 2018 and the twelve months ended December 31, 2017 (in thousands):
 
June 30, 2018
 
December 31, 2017
Balance at beginning of period
$
301,735

 
$
302,010

Issuance of preferred units

 

Redemption of preferred units
(350
)
 
(275
)
Balance at end of period
$
301,385

 
$
301,735