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Equity (Tables) | 12 Months Ended
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Dec. 31, 2018
Equity [Abstract] |
Schedule of OP Units Tendered for Redemption | Information related to OP Units tendered for redemption during the years ended December 31, 2018 and 2017 is provided in the table below (dollars in thousands, except per-unit amounts):
Period |  | OP Units Tendered for Redemption |  | Shares of Common Stock Issued |  | OP Units Redeemed with Cash |  | Aggregate Cash Payment |  | Aggregate Cash Paid per OP Unit
Year Ended December 31, 2018 |  | 437,226 |  | 397,811 |  | 39,415 |  | $ | 521 |  |  | $ | 13.21 |
Year Ended December 31, 2017 |  | 441,153 |  | 246,875 |  | 194,278 |  | 2,569 |  |  | $ | 13.22 |
Monthly Distributions Declared and Paid by Company's Board of Directors | The per-share distributions to preferred and common stockholders declared by our Board of Directors and paid by us during the years ended December 31, 2018 and 2017 are reflected in the table below.
|  | For the Years Ended December 31, |
Issuance |  | 2018 |  | 2017 |
Series A Term Preferred Stock(1) |  | $ | 1.59375 |  |  | $ | 1.59375 |  |
Series B Preferred Stock |  | 0.875 |  |  | — |  |
Common Stock(2) |  | 0.5319 |  |  | 0.5238 |  |
(1) | Treated similar to interest expense on the accompanying Consolidated Statements of Operations.
(2) | The same amounts were paid as distributions on each OP Unit held by non-controlling limited partners of the Operating Partnership.
Schedule of Distributions on Common Stock | The characterization of distributions on our preferred and common stock during each of the years ended December 31, 2018 and 2017 is reflected in the following table:
|  | Ordinary Income |  | Return of Capital |  | Long-term Capital Gain
For the Year Ended December 31, 2018: |  |  |  |  |  |
Series A Term Preferred Stock |  | 96.85143 | % |  | 3.14857 | % |  | — | %
Series B Preferred Stock |  | 96.85143 | % |  | 3.14857 | % |  | — | %
Common Stock |  | — | % |  | 100.00000 | % |  | — | %
For the Year Ended December 31, 2017: |  |  |  |  |  |
Series A Term Preferred Stock |  | 82.32594 | % |  | — | % |  | 17.67406 | %
Common Stock |  | 26.84290 | % |  | 67.39436 | % |  | 5.76274 | %

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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