Noncontrolling Interest |
6 Months Ended |
|---|---|
Jun. 30, 2017 | |
| Noncontrolling Interest [Abstract] | |
| Non-Controlling Interests | 11. Non-Controlling Interests Under the Company’s UPREIT structure, entities and individuals can contribute their properties to the Operating Company in exchange for membership interests in the Operating Company. Properties contributed as part of UPREIT transactions during the six months ended June 30, 2017 and 2016 were valued at $8,278 and $7,190, respectively, which represents the estimated fair value of the properties contributed, less any assumed debt. The Company recognized rental income related to UPREIT transactions in the amount of $2,960 and $2,927 for the three months ended June 30, 2017 and 2016, respectively. The Company recognized rental income related to UPREIT transactions in the amount of $5,964 and $5,729 for the six months ended June 30, 2017 and 2016, respectively. |