Capital (Tables)

9 Months Ended

Sep. 30, 2018

Summary of Common Shares Outstanding [Table Text Block]

Detailed below is a roll forward of the Company's common shares outstanding for the three- and nine-month periods ended September 30, 2018 and 2017:



	Three-Month Period Ended September 30,			Nine-Month Period Ended September 30,
	2018		2017	2018		2017
Common Shares Outstanding (6/30/2018, 6/30/2017, 12/31/2017, and 12/31/2016, respectively)	12,712,050		12,367,598	13,340,217		9,130,897
Share Activity:
Shares issued	—		958,230	—		4,194,968
Restricted shares issued	13,144		9,976	13,144		9,976
Shares repurchased	(21,720	)	—	(649,887	)	—
Forfeiture of common shares to satisfy tax withholding obligations	—		—	—		(37	)
Common Shares Outstanding (9/30/2018, 9/30/2017, 9/30/2018, and 9/30/2017, respectively)	12,703,474		13,335,804	12,703,474		13,335,804
Unvested restricted shares outstanding (9/30/2018, 9/30/2017, 9/30/2018, and 9/30/2017, respectively)	19,113		16,515	19,113		16,515

Vesting schedule for restricted shares [Table Text Block]

The below table provides details on the Company's restricted shares granted pursuant to share award agreements which are unvested at September 30, 2018:



Grant Recipient	Number of Restricted Shares Granted	Grant Date	Vesting Date⁽¹⁾
Independent trustees:
	13,144	September 12, 2018	September 11, 2019
Partially dedicated employees:
	2,630	December 12, 2017	December 12, 2018
	1,783	December 12, 2017	December 12, 2019
	1,556	December 13, 2016	December 13, 2018


(1)	Date at which such restricted shares will vest and become non-forfeitable.