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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands | Common Stock | Paid-in Capital | Accumulated Other Comprehensive Loss | Accumulated Undistributed Net Income | Non-Controlling Interests in Consolidated Joint Ventures | Total
--- | --- | --- | --- | --- | --- | ---
Balances at Dec. 31, 2014 | $ 15,728 | $ 219,867 | $ (3,195) | $ 21,876 | $ 1,628 | $ 255,904
Distributions - common stock |  |  |  |  |  |
Cash - $1.23 and $1.17 per share for the nine months ended September 30, 2016, and nine months ended September 30, 2015, respectively |  |  |  | (19,277) |  | (19,277)
Shares issued through equity offering program - net | 135 | 2,799 |  |  |  | 2,934
Restricted stock vesting | 72 | (72) |  |  |  |
Shares issued through dividend reinvestment plan | 138 | 2,947 |  |  |  | 3,085
Contributions from non-controlling interests |  |  |  |  | 713 | 713
Distributions to non-controlling interests |  |  |  |  | (1,670) | (1,670)
Compensation expense - restricted stock |  | 1,742 |  |  |  | 1,742
Net income |  |  |  | 15,326 | 1,386 | 16,712
Other comprehensive gain (loss) |  |  | (2,665) |  | 21 | (2,644)
Balances at Sep. 30, 2015 | 16,073 | 227,283 | (5,860) | 17,925 | 2,078 | 257,499
Balances at Dec. 31, 2015 | 16,292 | 232,378 | (4,390) | 16,215 | 1,931 | 262,426
Distributions - common stock |  |  |  |  |  |
Cash - $1.23 and $1.17 per share for the nine months ended September 30, 2016, and nine months ended September 30, 2015, respectively |  |  |  | (21,330) |  | (21,330)
Shares issued through equity offering program - net | 608 | 13,689 |  |  |  | 14,297
Restricted stock vesting | 73 | (73) |  |  |  |
Shares issued through dividend reinvestment plan | 101 | 2,087 |  |  |  | 2,188
Contributions from non-controlling interests |  |  |  |  | 30 | 30
Distributions to non-controlling interests |  |  |  |  | (236) | (236)
Compensation expense - restricted stock |  | 2,176 |  |  |  | 2,176
Net income |  |  |  | 20,027 | 40 | 20,067
Other comprehensive gain (loss) |  |  | (5,281) |  | (15) | (5,296)
Balances at Sep. 30, 2016 | $ 17,074 | $ 250,257 | $ (9,671) | $ 14,912 | $ 1,750 | $ 274,322

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