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Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Restricted Share Awards

A summary of the restricted shares granted to executive officers that have not fully vested pursuant to the Equity Incentive Plan as of December 31, 2016 are:

Award Type	Award Date		Total Shares Granted			Vested as of December 31, 2016
2013 Time-based Awards	1/29/2013		40,829			40,829
2013 Performance-based Awards	5/17/2013		40,829			40,829
2014 Time-based Awards	1/31/2014		48,213			32,142
2014 Performance-based Awards	1/31/2014		38,805			12,935
2015 Time-based Awards	1/30/2015		40,161			13,387
2015 Performance-based Awards	1/30/2015		36,144			—
2015 Time-based Awards	6/1/2015		8,949			2,983

A summary of the Company’s restricted share awards for the years ended December 31, 2016, 2015 and 2014 is as follows:

	December 31, 2016							December 31, 2015							December 31, 2014
	Number of Shares			Weighted - Average  Grant Date Fair Value				Number of Shares			Weighted - Average  Grant Date Fair Value				Number of Shares			Weighted - Average  Grant Date Fair Value
Non-vested at beginning of the period	170,480			$	21.38			179,641			$	14.92			158,035			$	12.39
Granted	—			—				85,254			26.59				87,018			17.46
Vested	(59,655	)		20.14				(94,415	)		13.80				(65,412	)		12.17
Non-vested at end of the period	110,825			$	22.05			170,480			$	21.38			179,641			$	14.92

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

A summary of the Company's LTIP Unit awards for the years ended years ended December 31, 2016, 2015 and 2014 is as follows:

	December 31, 2016							December 31, 2015							December 31, 2014
	Number of Shares			Weighted - Average  Grant Date Fair Value				Number of Shares			Weighted - Average  Grant Date Fair Value				Number of Shares			Weighted - Average  Grant Date Fair Value
Non-vested at beginning of the period	183,300			$	14.13			51,555			$	15.18			103,110			$	15.18
Granted	112,251			14.73				183,300			14.13				—			—
Vested	—			—				(51,555	)		(15.18		)		(51,555	)		(15.18		)
Non-vested at end of period	295,551			$	14.36			183,300			$	14.13			51,555			$	15.18

Schedule of Share-based Payment Award, Valuation Assumptions

The grant date fair value of the performance LTIP awards were determined using a Monte Carlo simulation method with the following assumptions (based on the three year risk free U.S. Treasury yield over the measurement period of the LTIP awards):

	Grant Date	Volatility	Dividend Yield	Risk Free Interest Rate	Discount
Outperformance Plan	6/1/2015	26%	4.5%	0.95%	—%
2016 Time-Based LTIP Unit Awards	1/28/16	28%	—%	0.79%	7.5%
2016 Performance-Based LTIP Unit Awards	1/28/16	30%	5.8%	1.13%	—%

The grant date fair value of the performance awards were determined using a Monte Carlo simulation method with the following assumptions:

Performance Award Grant Date	Volatility		Dividend Yield		Risk Free Interest Rate
1/31/2014	27	%	—	%	0.71	%
1/30/2015	29	%	—	%	0.84	%

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Schedule of Share-based Payment Award, Valuation Assumptions [Table Text Block]

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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