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SHAREHOLDERS' EQUITY AND PARTNERS' CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of dividends declared and paid for income tax purposes
The allocations of dividends declared and paid for income tax purposes are as follows:
 
 
Year Ended December 31,
 
2017
 
2016
 
2015
Dividends declared:
 
 
 
 
 
Common stock
$
0.98

(1) 
$
0.88

(2) 
$
1.06

Series D preferred stock
$
18.44

 
$
18.44

 
$
18.44

Series E preferred stock
$
16.56

 
$
16.56

 
$
16.56

 
 
 
 
 
 
Allocations:
 

 
 

 
 

Common stock
 

 
 

 
 

Ordinary income
85.37
%
 
100.00
%
 
100.00
%
Capital gains 25% rate
—
%
 
—
%
 
—
%
Return of capital
14.63
%
 
—
%
 
—
%
Total
100.00
%
 
100.00
%
 
100.00
%
 
 
 
 
 
 
Preferred stock (3)
 

 
 

 
 

Ordinary income
100.00
%
 
100.00
%
 
100.00
%
Capital gains 25% rate
—
%
 
—
%
 
—
%
Total
100.00
%
 
100.00
%
 
100.00
%
 
(1)
Of the $0.200 per share dividend declared on November 2, 2017 and paid January 16, 2018, $0.200 will be reported and is taxable in 2018.
(2)
Of the $0.265 per share dividend declared on November 3, 2016 and paid January 16, 2017, $0.081 is taxable in 2016 and $0.184 per share will be reported and is taxable in 2017.
(3)
The allocations for income tax purposes are the same for each series of preferred stock for each period presented.