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SHAREHOLDERS' EQUITY AND PARTNERS' CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2018
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,
 
2018
 
2017
 
2016
 
Dividends declared:
 
 
 
 
 
 
Common stock
$
0.80

(1) 
$
0.98

(2) 
$
0.88

(3) 
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
82.83
%
 
85.37
%
 
100.00
%
 
Capital gains 25% rate
—
%
 
—
%
 
—
%
 
Return of capital
17.17
%
 
14.63
%
 
—
%
 
Total
100.00
%
 
100.00
%
 
100.00
%
 
 
 
 
 
 
 
 
Preferred stock (4)
 

 
 

 
 

 
Ordinary income
100.00
%
 
100.00
%
 
100.00
%
 
Capital gains 25% rate
—
%
 
—
%
 
—
%
 
Total
100.00
%
 
100.00
%
 
100.00
%
 
 
(1)
Of the $0.075 per share dividend declared on October 29, 2018 and paid January 16, 2019, $0.075 will be reported and is taxable in 2019.
(2)
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.
(3)
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.
(4)
The allocations for income tax purposes are the same for each series of preferred stock for each period presented.