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Stockholder Equity and Noncontrolling Interests
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Stockholder Equity and Noncontrolling Interests

NOTE 6: Stockholder Equity and Noncontrolling Interests

Stockholder Equity

On March 18, 2019, our board of directors declared a distribution of $0.18 per share, which was paid on April 25, 2019 to common shareholders of record as of March 29, 2019.

On June 17, 2019, our board of directors declared a distribution of $0.18 per share, which was paid on July 25, 2019 to common shareholders of record as of June 28, 2019.

On September 12, 2019, our board of directors declared a distribution of $0.18 per share, which was paid on October 25, 2019 to common shareholders of record as of September 27, 2019.

During the three and nine months ended September 30, 2019, we also paid $0 and $209, respectively, of dividends on restricted common share awards that vested during the period.

During the three months ended September 30, 2019, we issued an aggregate of 972,887 shares under our At-the-Market Issuance Sales Agreement entered into in August 4, 2017, with various sales agents (the “ATM Sales Agreement”) at a weighted average price of $13.45, resulting in $12,763 of net proceeds, after deducting $260 of commissions. During the nine months ended September 30, 2019, we issued an aggregate of 1,548,591 shares under the ATM Sales Agreement at a weighted average price of $12.59, resulting in $18,842 of net proceeds, after deducting $385 of commissions. Pursuant to the ATM Sales Agreement $96,014 remained available for issuance as of September 30, 2019.

Noncontrolling Interest

During the three and nine months ended September 30, 2019, no IROP unitholders exchanged any units for shares of our common stock or cash.

As of September 30, 2019, 881,107 IROP units held by unaffiliated third parties remain outstanding.

On March 18, 2019, our board of directors declared a distribution of $0.18 per unit, which was paid on April 25, 2019 to IROP unitholders of record as of March 29, 2019.

On June 17, 2019, our board of directors declared a distribution of $0.18 per unit, which was paid on July 25, 2019 to IROP unitholders of record as of June 28, 2019.

On September 12, 2019, our board of directors declared a distibution of $0.18 per unit, which was paid on October 25, 2019 to IROP unitholders of record as of September 27, 2019.