CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands |
Total |
Common shares |
OP units and subordinated performance units |
Preferred Shares |
Common Shares |
Common Shares
Common shares
|
Additional Paid-in Capital |
Additional Paid-in Capital
Common shares
|
Distributions In Excess Of Earnings |
Accumulated Other Comprehensive (Loss) Income |
Accumulated Other Comprehensive (Loss) Income
Common shares
|
Noncontrolling Interests |
Noncontrolling Interests
Common shares
|
Noncontrolling Interests
OP units and subordinated performance units
|
Beginning balances (in shares) at Dec. 31, 2019 |
|
|
|
8,727,119
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Dec. 31, 2019 |
|
|
|
|
59,659,108
|
|
|
|
|
|
|
|
|
|
Beginning balances at Dec. 31, 2019 |
$ 1,452,101
|
|
|
$ 218,178
|
$ 597
|
|
$ 905,763
|
|
$ (197,075)
|
$ (7,833)
|
|
$ 532,471
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
$ 6,206
|
|
|
|
|
|
|
|
|
|
|
$ 6,206
|
LTIP units |
1,011
|
|
|
|
|
|
|
|
|
|
|
1,011
|
|
|
Redemptions of OP units (in shares) |
|
|
|
|
118,961
|
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
0
|
|
|
|
$ 1
|
|
1,437
|
|
|
(62)
|
|
(1,376)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
125,000
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
$ 4,249
|
|
|
|
$ 1
|
|
$ 4,248
|
|
|
|
|
|
|
Merger and internalization of PRO, net of issuance costs (in shares) |
|
|
|
|
8,105,192
|
|
|
|
|
|
|
|
|
|
Merger and internalization of PRO, net of issuance costs |
9,595
|
|
|
|
$ 81
|
|
43,499
|
|
|
(402)
|
|
(33,583)
|
|
|
Redemption of Series A-1 preferred units (in shares) |
|
|
|
5,600
|
|
|
|
|
|
|
|
|
|
|
Redemption of Series A-1 preferred units |
0
|
|
|
$ 140
|
|
|
|
|
|
|
|
(140)
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
15,857
|
|
|
(2,265)
|
|
(13,592)
|
|
|
Equity-based compensation expense |
774
|
|
|
|
|
|
76
|
|
|
|
|
698
|
|
|
Issuance of LTIP units for acquisition expenses |
40
|
|
|
|
|
|
|
|
|
|
|
40
|
|
|
Issuance of restricted common shares (in shares) |
|
|
|
|
21,861
|
|
|
|
|
|
|
|
|
|
Issuance of restricted common shares |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(2,910)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
(94)
|
|
|
|
|
|
(94)
|
|
|
|
|
|
|
|
Preferred share dividends |
(3,273)
|
|
|
|
|
|
|
|
(3,273)
|
|
|
|
|
|
Common share dividends |
(19,747)
|
|
|
|
|
|
|
|
(19,747)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(19,813)
|
|
|
|
|
|
|
|
|
|
|
(19,813)
|
|
|
Other comprehensive income (loss) |
(65,757)
|
|
|
|
|
|
|
|
|
(42,293)
|
|
(23,464)
|
|
|
Net income |
15,763
|
|
|
|
|
|
|
|
6,648
|
|
|
9,115
|
|
|
Ending balances (in shares) at Mar. 31, 2020 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Mar. 31, 2020 |
|
|
|
|
68,027,212
|
|
|
|
|
|
|
|
|
|
Ending balances at Mar. 31, 2020 |
1,381,055
|
|
|
$ 218,318
|
$ 680
|
|
970,786
|
|
(213,447)
|
(52,855)
|
|
457,573
|
|
|
Beginning balances (in shares) at Dec. 31, 2019 |
|
|
|
8,727,119
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Dec. 31, 2019 |
|
|
|
|
59,659,108
|
|
|
|
|
|
|
|
|
|
Beginning balances at Dec. 31, 2019 |
1,452,101
|
|
|
$ 218,178
|
$ 597
|
|
905,763
|
|
(197,075)
|
(7,833)
|
|
532,471
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) |
(67,835)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
54,961
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2020 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2020 |
|
|
|
|
69,177,872
|
|
|
|
|
|
|
|
|
|
Ending balances at Sep. 30, 2020 |
1,360,400
|
|
|
$ 218,318
|
$ 692
|
|
993,164
|
|
(242,222)
|
(54,723)
|
|
445,171
|
|
|
Beginning balances (in shares) at Mar. 31, 2020 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Mar. 31, 2020 |
|
|
|
|
68,027,212
|
|
|
|
|
|
|
|
|
|
Beginning balances at Mar. 31, 2020 |
1,381,055
|
|
|
$ 218,318
|
$ 680
|
|
970,786
|
|
(213,447)
|
(52,855)
|
|
457,573
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
5,842
|
|
|
|
|
|
|
|
|
|
|
5,842
|
Redemptions of OP units (in shares) |
|
|
|
|
292,291
|
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
0
|
|
|
|
$ 3
|
|
3,438
|
|
|
(238)
|
|
(3,203)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
387,000
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
11,916
|
|
|
|
$ 4
|
|
11,912
|
|
|
|
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
(1,286)
|
|
|
(73)
|
|
1,359
|
|
|
Equity-based compensation expense |
1,151
|
|
|
|
|
|
100
|
|
|
|
|
1,051
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(2,770)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
0
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
Reduction in receivables from partners of the operating partnership |
225
|
|
|
|
|
|
|
|
|
|
|
225
|
|
|
Preferred share dividends |
(3,274)
|
|
|
|
|
|
|
|
(3,274)
|
|
|
|
|
|
Common share dividends |
(22,625)
|
|
|
|
|
|
|
|
(22,625)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(16,843)
|
|
|
|
|
|
|
|
|
|
|
(16,843)
|
|
|
Other comprehensive income (loss) |
(6,489)
|
|
|
|
|
|
|
|
|
(4,296)
|
|
(2,193)
|
|
|
Net income |
17,787
|
|
|
|
|
|
|
|
10,422
|
|
|
7,365
|
|
|
Ending balances (in shares) at Jun. 30, 2020 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Jun. 30, 2020 |
|
|
|
|
68,703,733
|
|
|
|
|
|
|
|
|
|
Ending balances at Jun. 30, 2020 |
1,368,745
|
|
|
$ 218,318
|
$ 687
|
|
984,950
|
|
(228,924)
|
(57,462)
|
|
451,176
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
3,427
|
|
|
|
|
|
|
|
|
|
|
3,427
|
Redemptions of OP units (in shares) |
|
|
|
|
293,083
|
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
0
|
|
|
|
$ 3
|
|
3,417
|
|
|
(249)
|
|
(3,171)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
181,915
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
5,868
|
|
|
|
$ 2
|
|
5,866
|
|
|
|
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
(1,170)
|
|
|
(24)
|
|
1,194
|
|
|
Equity-based compensation expense |
1,183
|
|
|
|
|
|
101
|
|
|
|
|
1,082
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(859)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
0
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
Reduction in receivables from partners of the operating partnership |
37
|
|
|
|
|
|
|
|
|
|
|
37
|
|
|
Preferred share dividends |
(3,275)
|
|
|
|
|
|
|
|
(3,275)
|
|
|
|
|
|
Common share dividends |
(23,510)
|
|
|
|
|
|
|
|
(23,510)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(17,897)
|
|
|
|
|
|
|
|
|
|
|
(17,897)
|
|
|
Other comprehensive income (loss) |
4,411
|
|
|
|
|
|
|
|
|
3,012
|
|
1,399
|
|
|
Net income |
21,411
|
|
|
|
|
|
|
|
13,487
|
|
|
7,924
|
|
|
Ending balances (in shares) at Sep. 30, 2020 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2020 |
|
|
|
|
69,177,872
|
|
|
|
|
|
|
|
|
|
Ending balances at Sep. 30, 2020 |
$ 1,360,400
|
|
|
$ 218,318
|
$ 692
|
|
993,164
|
|
(242,222)
|
(54,723)
|
|
445,171
|
|
|
Beginning balances (in shares) at Dec. 31, 2020 |
8,732,719
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Dec. 31, 2020 |
71,293,117
|
|
|
|
71,293,117
|
|
|
|
|
|
|
|
|
|
Beginning balances at Dec. 31, 2020 |
$ 1,430,475
|
|
|
$ 218,318
|
$ 713
|
|
1,050,714
|
|
(251,704)
|
(49,084)
|
|
461,518
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
22,897
|
|
|
|
|
|
|
|
|
|
|
22,897
|
Redemptions of OP units (in shares) |
|
|
|
|
190,248
|
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
0
|
|
|
|
$ 2
|
|
2,332
|
|
|
(108)
|
|
(2,226)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
3,692,216
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
122,412
|
|
|
|
$ 37
|
|
122,375
|
|
|
|
|
|
|
Contributions from noncontrolling interests |
103
|
|
|
|
|
|
|
|
|
|
|
103
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
(18,983)
|
|
|
(290)
|
|
19,273
|
|
|
Equity-based compensation expense |
1,286
|
|
|
|
|
|
92
|
|
|
|
|
1,194
|
|
|
Issuance of restricted common shares (in shares) |
|
|
|
|
15,369
|
|
|
|
|
|
|
|
|
|
Issuance of restricted common shares |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(4,823)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
(152)
|
|
|
|
|
|
(152)
|
|
|
|
|
|
|
|
Preferred share dividends |
(3,275)
|
|
|
|
|
|
|
|
(3,275)
|
|
|
|
|
|
Common share dividends |
(25,014)
|
|
|
|
|
|
|
|
(25,014)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(20,604)
|
|
|
|
|
|
|
|
|
|
|
(20,604)
|
|
|
Other comprehensive income (loss) |
25,857
|
|
|
|
|
|
|
|
|
17,840
|
|
8,017
|
|
|
Net income |
27,635
|
|
|
|
|
|
|
|
20,838
|
|
|
6,797
|
|
|
Ending balances (in shares) at Mar. 31, 2021 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Mar. 31, 2021 |
|
|
|
|
75,186,127
|
|
|
|
|
|
|
|
|
|
Ending balances at Mar. 31, 2021 |
$ 1,581,620
|
|
|
$ 218,318
|
$ 752
|
|
1,156,378
|
|
(259,155)
|
(31,642)
|
|
496,969
|
|
|
Beginning balances (in shares) at Dec. 31, 2020 |
8,732,719
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Dec. 31, 2020 |
71,293,117
|
|
|
|
71,293,117
|
|
|
|
|
|
|
|
|
|
Beginning balances at Dec. 31, 2020 |
$ 1,430,475
|
|
|
$ 218,318
|
$ 713
|
|
1,050,714
|
|
(251,704)
|
(49,084)
|
|
461,518
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) |
29,741
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
$ 104,040
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2021 |
8,736,719
|
|
|
8,736,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2021 |
88,945,849
|
|
|
|
88,945,849
|
|
|
|
|
|
|
|
|
|
Ending balances at Sep. 30, 2021 |
$ 2,237,664
|
|
|
$ 218,418
|
$ 889
|
|
1,692,481
|
|
(272,636)
|
(30,303)
|
|
628,815
|
|
|
Beginning balances (in shares) at Mar. 31, 2021 |
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
Beginning balances (in shares) at Mar. 31, 2021 |
|
|
|
|
75,186,127
|
|
|
|
|
|
|
|
|
|
Beginning balances at Mar. 31, 2021 |
1,581,620
|
|
|
$ 218,318
|
$ 752
|
|
1,156,378
|
|
(259,155)
|
(31,642)
|
|
496,969
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
24,102
|
|
|
|
|
|
|
|
|
|
|
24,102
|
Redemptions of OP units (in shares) |
|
|
|
|
121,923
|
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
0
|
|
|
|
$ 1
|
|
1,554
|
|
|
(52)
|
|
(1,503)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
2,390,000
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
103,670
|
|
|
|
$ 24
|
|
103,646
|
|
|
|
|
|
|
Redemption of Series A-1 preferred units (in shares) |
|
|
|
4,000
|
|
|
|
|
|
|
|
|
|
|
Redemption of Series A-1 preferred units |
0
|
|
|
$ 100
|
|
|
|
|
|
|
|
(100)
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
(17,420)
|
|
|
(227)
|
|
17,647
|
|
|
Equity-based compensation expense |
1,348
|
|
|
|
|
|
113
|
|
|
|
|
1,235
|
|
|
Issuance of restricted common shares (in shares) |
|
|
|
|
13,255
|
|
|
|
|
|
|
|
|
|
Issuance of restricted common shares |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(2,474)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
(2)
|
|
|
|
|
|
(2)
|
|
|
|
|
|
|
|
Preferred share dividends |
(3,276)
|
|
|
|
|
|
|
|
(3,276)
|
|
|
|
|
|
Common share dividends |
(29,404)
|
|
|
|
|
|
|
|
(29,404)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(24,606)
|
|
|
|
|
|
|
|
|
|
|
(24,606)
|
|
|
Other comprehensive income (loss) |
(1,601)
|
|
|
|
|
|
|
|
|
(1,125)
|
|
(476)
|
|
|
Net income |
35,675
|
|
|
|
|
|
|
|
28,718
|
|
|
6,957
|
|
|
Ending balances (in shares) at Jun. 30, 2021 |
|
|
|
8,736,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Jun. 30, 2021 |
|
|
|
|
77,708,831
|
|
|
|
|
|
|
|
|
|
Ending balances at Jun. 30, 2021 |
1,687,526
|
|
|
$ 218,418
|
$ 777
|
|
1,244,269
|
|
(263,117)
|
(33,046)
|
|
520,225
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP units and subordinated performance units, net of offering costs |
|
|
$ 31,074
|
|
|
|
|
|
|
|
|
|
|
$ 31,074
|
Redemptions of OP units (in shares) |
|
|
|
|
|
340,349
|
|
|
|
|
|
|
|
|
Redemptions of OP units |
|
0
|
|
|
|
$ 3
|
|
5,556
|
|
|
$ (144)
|
|
$ (5,415)
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
10,902,000
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
|
$ 537,322
|
|
|
|
$ 109
|
|
$ 537,213
|
|
|
|
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
(94,670)
|
|
|
(1,095)
|
|
95,765
|
|
|
Equity-based compensation expense |
1,454
|
|
|
|
|
|
113
|
|
|
|
|
1,341
|
|
|
Issuance of restricted common shares (in shares) |
|
|
|
|
370
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
(5,701)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
0
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
Preferred share dividends |
(3,276)
|
|
|
|
|
|
|
|
(3,276)
|
|
|
|
|
|
Common share dividends |
(36,467)
|
|
|
|
|
|
|
|
(36,467)
|
|
|
|
|
|
Distributions to noncontrolling interests |
(26,184)
|
|
|
|
|
|
|
|
|
|
|
(26,184)
|
|
|
Other comprehensive income (loss) |
5,485
|
|
|
|
|
|
|
|
|
3,982
|
|
1,503
|
|
|
Net income |
$ 40,730
|
|
|
|
|
|
|
|
30,224
|
|
|
10,506
|
|
|
Ending balances (in shares) at Sep. 30, 2021 |
8,736,719
|
|
|
8,736,719
|
|
|
|
|
|
|
|
|
|
|
Ending balances (in shares) at Sep. 30, 2021 |
88,945,849
|
|
|
|
88,945,849
|
|
|
|
|
|
|
|
|
|
Ending balances at Sep. 30, 2021 |
$ 2,237,664
|
|
|
$ 218,418
|
$ 889
|
|
$ 1,692,481
|
|
$ (272,636)
|
$ (30,303)
|
|
$ 628,815
|
|
|