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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of fair value assumptions
The per unit fair value of 2017 OPP award granted was estimated on the date of grant using the following assumptions in the Monte Carlo valuation:
 
Assumption
Expected price volatility for the Company
24.00%
Expected price volatility for the particular REIT index
17.00%
Risk-free rate
1.47%
Dividend yield
2.30%
Schedule of classification and amount recognized for stock-based compensation
The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards:     
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Consolidated Financial Statement Classification
 
2017
 
2016
 
2017
 
2016
 
Expensed stock compensation
$
3,886

 
$
3,301

 
$
7,788

 
$
6,643

 
General and administrative expenses
Capitalized stock compensation
219

 
106

 
418

 
188

 
Deferred leasing costs and lease intangibles, net and tenant improvements
Total stock compensation
$
4,105

 
$
3,407

 
$
8,206

 
$
6,831

 
Additional paid-in capital and non-controlling interest—units in the operating partnership