v3.8.0.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Subscriptions Receivable
Cumulative Distributions in Excess of Retained Earnings
Accumulated Other Comprehensive (Loss)/Income
Non-controlling Interests
Beginning Balance at Dec. 31, 2014 $ 394,181 $ 7 $ 408,542 $ (907) $ (34,347) $ (7,236) $ 28,122
Net income 20,890 0 0 0 19,287 0 1,603
Issuance of shares of common stock 329,795 4 330,390 (599) 0 0 0
Other offering costs (1,796) 0 (1,796) 0 0 0 0
Issuance of membership units 57,583 0 0 0 0 0 57,583
Distributions declared (45,271) 0 0 0 (41,851) 0 (3,420)
Change in fair value of interest rate swap agreements (3,362) 0 0 0 0 (3,104) (258)
Realized loss on interest rate swaps 0            
Redemption of shares of common stock, value (3,054) 0 (3,054) 0 0 0 0
Cancellation of shares of common stock (1,021) 0 (1,021) 0 0 0 0
Adjustment of non-controlling interests 0 0 5,848 0 0 0 (5,848)
Ending Balance at Dec. 31, 2015 747,945 11 738,909 (1,506) (56,911) (10,340) 77,782
Net income 40,268 0 0 0 36,354 0 3,914
Issuance of shares of common stock 275,782 4 284,062 (8,284) 0 0 0
Other offering costs (1,310) 0 (1,310) 0 0 0 0
Issuance of membership units 7,190 0 0 0 0 0 7,190
Distributions declared (76,955) 0 0 0 (69,403) 0 (7,552)
Change in fair value of interest rate swap agreements 13,771 0 0 0 0 12,432 1,339
Realized loss on interest rate swaps 0            
Redemption of shares of common stock, value (8,154) 0 (8,154) 0 0 0 0
Adjustment of non-controlling interests 0 0 (4,076) 0 0 0 4,076
Ending Balance at Dec. 31, 2016 998,537 15 1,009,431 (9,790) (89,960) 2,092 86,749
Net income 59,555 0 0 0 54,799 0 4,756
Issuance of shares of common stock 313,490 4 303,711 9,775 0 0 0
Other offering costs (1,380) 0 (1,380) 0 0 0 0
Issuance of membership units 12,913 0 0 0 0 0 12,913
Distributions declared (92,768) 0 0 0 (85,119) 0 (7,649)
Change in fair value of interest rate swap agreements 4,166 0 0 0 0 3,834 332
Realized loss on interest rate swaps (873) 0 0 0 0 (804) (69)
Conversion of 37 membership units to 37 shares of common stock 0 0 2,986 0 0 0 (2,986)
Redemption of shares of common stock, value (9,439) 0 (9,439) 0 0 0 0
Adjustment of non-controlling interests 0 0 (3,330) 0 0 0 3,330
Ending Balance at Dec. 31, 2017 $ 1,284,201 $ 19 $ 1,301,979 $ (15) $ (120,280) $ 5,122 $ 97,376