XML 69 R90.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Equity (Details)
 1 Months Ended 12 Months Ended
Feb. 13, 2020
$ / shares
Jan. 31, 2020
$ / shares
Oct. 30, 2019
$ / shares
Jul. 31, 2019
$ / shares
May 01, 2019
$ / shares
Feb. 13, 2019
$ / shares
Feb. 01, 2019
$ / shares
Feb. 29, 2020
shares
Dec. 31, 2019
USD ($)
Vote
$ / shares
shares
Jul. 31, 2019
USD ($)
shares
May 31, 2019
USD ($)
$ / shares
shares
Jan. 31, 2019
USD ($)
shares
Dec. 31, 2018
$ / shares
Dec. 31, 2019
USD ($)
Vote
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
USD ($)
shares
Dec. 31, 2016
shares
Feb. 07, 2020
shares
Aug. 31, 2019
shares
Common stock                                      
Shares issued in connection with exchange of convertible debt notes (in shares)                           4,700,000          
Proceeds from issuance of shares under public offering | $                           $ 260,383,000 $ 156,417,000 $ 76,225,000      
Payment to internalize the management team and terminate the existing management agreement using the proceed from public offering | $                               $ 25,000,000      
Noncontrolling Interest                                      
Preferred stock, par value (in dollars per share) | $ / shares                 $ 0.01       $ 0.01 $ 0.01 $ 0.01        
OP Units redeemed by cash | $                           $ (1,674,000) $ (6,845,000)        
Preferred Stock                                      
Percentage of dividend paid to common stock and preferred stock shareholders represented ordinary income to our stockholders                           100.00% 100.00% 100.00%      
Chief executive officer                                      
Deferred Compensation                                      
Number of fully vested shares issued                             63,584        
Restricted common stock | Certain employees of ours                                      
Deferred Compensation                                      
Number of fully vested shares issued                   124,069       333,884 265,444 299,750      
Total grant date fair value | $                   $ 1,500,000         $ 2,300,000 $ 2,400,000      
Restricted common stock | Chief executive officer                                      
Deferred Compensation                                      
Number of fully vested shares issued                           58,738   74,830      
Total grant date fair value | $                           $ 700,000 $ 600,000 $ 600,000      
Restricted common stock | Employees of the company and a related party                                      
Deferred Compensation                                      
Vesting percentage                           33.00%          
Restricted common stock | Employees of the company and a related party | March, 2018                                      
Deferred Compensation                                      
Vesting percentage                           33.00%          
Restricted common stock | Employees of the company and a related party | Certain employees of ours                                      
Deferred Compensation                                      
Total grant date fair value | $                           $ 4,200,000          
Restricted common stock | Employees of the company and a related party | ACM / Our "Former Manager"                                      
Deferred Compensation                                      
Number of fully vested shares issued                           1,379,615 1,033,616        
Total grant date fair value | $                           $ 14,800,000 $ 9,500,000        
Unrecognized compensation cost | $                           $ 7,000,000          
Remaining weighted-average vesting period                           1 year 9 months 18 days          
Restricted stock with grant date fair value (in shares)                           900,092          
Restricted stock with grant date fair value | $                           $ 5,900,000          
Restricted common stock | Non-employees | Selling and administrative expense                                      
Deferred Compensation                                      
Share-based compensation expense | $                           700,000 600,000 1,700,000      
Restricted common stock | Employees | Employee compensation and benefits                                      
Deferred Compensation                                      
Share-based compensation expense | $                           $ 8,800,000 $ 5,400,000 $ 3,200,000      
Performance-based restricted stock                                      
Deferred Compensation                                      
Number of fully vested shares issued                           445,765          
Net settlement on vesting of restricted stock (in shares)                           203,492          
Performance-based restricted stock | Chief executive officer                                      
Deferred Compensation                                      
Number of fully vested shares issued                           421,348          
Vesting period (in years)                           4 years 4 years 4 years      
Total grant date fair value | $                           $ 1,700,000 $ 800,000 $ 1,000,000      
Restricted stock units eligible to receive annually | $                           $ 2,050,023          
Performance-based restricted stock | Chief executive officer | Maximum                                      
Deferred Compensation                                      
Granted of restricted stock units that vest at the end of four-year performance period (in shares)                           352,427 381,503 448,980      
8.25% Series A preferred stock                                      
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)                           8.25% 8.25% 8.25%      
7.75% Series B preferred stock                                      
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)                           7.75% 7.75% 7.75%      
8.50% Series C preferred stock                                      
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)                           8.50% 8.50% 8.50%      
Common Stock                                      
Common stock                                      
Number of common stock sold (in shares)                           19,837,000 15,152,700 9,500,000      
Number of shares purchased                           920,000 870,000        
Value of common stock available under shelf registration statement | $                 $ 137,900,000         $ 137,900,000          
Aggregate amount of debt securities, common stock, preferred stock, depositary shares and warrants filed under shelf registration statement | $                 $ 500,000,000         $ 500,000,000          
Distributions                                      
Cash dividend declared (in dollars per share) | $ / shares $ 0.30   $ 0.30 $ 0.29 $ 0.28 $ 0.27             0.15            
Dividend declared in cash | $                       $ 2,500,000              
Dividend declared in shares                       901,432              
Deferred Compensation                                      
Net settlement on vesting of restricted stock (in shares)                           (58,070)          
Tax Treatment for Dividends Paid                                      
Total dividends paid | $                       $ 2,500,000              
Common Stock | Chief executive officer                                      
Common stock                                      
Number of shares purchased               747,500                      
Common Stock | Non-management members of the Board of Directors                                      
Deferred Compensation                                      
Number of fully vested shares issued                             67,002 74,375      
Total grant date fair value | $                           $ 700,000 $ 600,000 $ 600,000      
Common Stock | Non-management members of the Board of Directors                                      
Deferred Compensation                                      
Number of fully vested shares issued                           55,244          
Preferred Stock | 8.25% Series A preferred stock                                      
Distributions                                      
Cash dividend declared on redeemable preferred stock (in dollars per share) | $ / shares   $ 0.515625 0.515625 0.515625 0.515625 0.515625                          
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)   8.25%                                  
Preferred Stock | 7.75% Series B preferred stock                                      
Distributions                                      
Cash dividend declared on redeemable preferred stock (in dollars per share) | $ / shares     0.484375 0.484375 0.484375 0.484375 $ 0.484375                        
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)   7.75%                                  
Preferred Stock | 8.50% Series C preferred stock                                      
Distributions                                      
Cash dividend declared on redeemable preferred stock (in dollars per share) | $ / shares   $ 0.53125 $ 0.53125 $ 0.53125 $ 0.53125 $ 0.53125                          
Preferred Stock                                      
Return on the preferred shares issued to third parties by its subsidiary REIT (as a percent)   8.50%                                  
Operating Partnership Units                                      
Noncontrolling Interest                                      
Consideration in stock to be paid with operating partnership units (in shares)                           391,156 577,185        
Number of vote per share of Special Voting Preferred Shares | Vote                 1         1          
OP Units redeemed by cash | $                           $ 1,700,000 $ 6,800,000        
Common stock, shares issued (in shares)                           258,677          
Conversion ratio for operating partnership units to common stock shares                           1          
Distributions                                      
Cash dividend declared (in dollars per share) | $ / shares                         $ 0.15            
Dividend declared in cash | $                       $ 600,000              
Dividend declared in shares                       221,666              
Tax Treatment for Dividends Paid                                      
Total dividends paid | $                       $ 600,000              
Operating Partnership Units | Special voting preferred shares                                      
Noncontrolling Interest                                      
OP units outstanding (in shares)                 20,484,094         20,484,094          
Voting power of outstanding stock (as a percent)                           15.70%          
5.375% Convertible Notes                                      
Common stock                                      
Interest rate (as a percent)                 5.375%       5.375% 5.375% 5.375%        
6.50% Convertible Notes                                      
Common stock                                      
Interest rate (as a percent)                         6.50%   6.50%        
ACM Acquisition | ACM / Our "Former Manager"                                      
Noncontrolling Interest                                      
Consideration in stock to be paid with operating partnership units (in shares)                           14,685,729          
Number of preferred stock shares paired with each OP units                                 1    
ACM Acquisition | Performance-based restricted stock | Chief executive officer                                      
Deferred Compensation                                      
Granted of restricted stock units that vest at the end of four-year performance period (in shares)                           246,508 294,985 357,569      
Vesting period (in years)                           3 years          
Total grant date fair value | $                           $ 3,000,000 $ 3,400,000 $ 2,700,000      
ACM Acquisition | Operating Partnership Units                                      
Noncontrolling Interest                                      
Value of operating partnership units issues as consideration | $                           $ 0.01          
Public offering | Common Stock                                      
Common stock                                      
Number of common stock sold (in shares)                 7,475,000   9,200,000                
Issued price per share (in dollars per share) | $ / shares                 $ 13.93   $ 12.58     $ 13.93          
Proceeds from issuance of shares under public offering | $                 $ 104,000,000   $ 115,600,000                
At-The-Market | Common Stock                                      
Common stock                                      
Number of common stock sold (in shares)                           3,162,000          
Proceeds from issuance of shares under public offering | $                           $ 41,000,000          
Number of shares available under an "At-The-Market" equity offering with JMP Securities LLC                                   3,000,000 7,500,000
Over-Allotment Option | Common Stock                                      
Common stock                                      
Number of common stock sold (in shares)                     1,200,000     975,000