CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($) $ in Thousands |
Total |
Common Shares of Beneficial Interest, $0.01 par value per share |
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share |
Series A-1 preferred units, OP units, and subordinated performance units |
OP units |
Preferred Shares |
Preferred Shares
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share
|
Common Shares |
Common Shares
Common Shares of Beneficial Interest, $0.01 par value per share
|
Additional Paid-in Capital |
Additional Paid-in Capital
Common Shares of Beneficial Interest, $0.01 par value per share
|
Additional Paid-in Capital
Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share
|
Distributions In Excess Of Earnings |
Accumulated Other Comprehensive (Loss) Income |
Noncontrolling Interests |
Noncontrolling Interests
Series A-1 preferred units, OP units, and subordinated performance units
|
Noncontrolling Interests
OP units
|
Balances (in shares) at Dec. 31, 2018 |
|
|
|
|
|
6,900,000
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Dec. 31, 2018 |
|
|
|
|
|
|
|
56,654,009
|
|
|
|
|
|
|
|
|
|
Balances at Dec. 31, 2018 |
$ 1,402,299
|
|
|
|
|
$ 172,500
|
|
$ 567
|
|
$ 844,276
|
|
|
$ (114,122)
|
$ 13,618
|
$ 485,460
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of equity units |
|
|
|
$ 32,856
|
|
|
|
|
|
|
|
|
|
|
|
$ 32,856
|
|
Redemptions of equity units (in shares) |
|
|
|
|
|
|
|
29,910
|
|
|
|
|
|
|
|
|
|
Redemptions of equity units |
0
|
|
|
|
|
|
|
$ 0
|
|
250
|
|
|
|
7
|
(257)
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
|
|
|
(5,385)
|
|
|
|
(182)
|
5,567
|
|
|
Equity-based compensation expense |
1,112
|
|
|
|
|
|
|
|
|
90
|
|
|
|
|
1,022
|
|
|
Issuance of LTIP units for acquisition expenses |
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
|
Issuance of restricted common shares (in shares) |
|
|
|
|
|
|
|
18,218
|
|
|
|
|
|
|
|
|
|
Issuance of restricted common shares |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
|
|
|
(3,451)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
(69)
|
|
|
|
|
|
|
|
|
(69)
|
|
|
|
|
|
|
|
Reduction in receivables from partners of the operating partnership |
139
|
|
|
|
|
|
|
|
|
|
|
|
|
|
139
|
|
|
Preferred share dividends |
(2,588)
|
|
|
|
|
|
|
|
|
|
|
|
(2,588)
|
|
|
|
|
Common share dividends |
(17,010)
|
|
|
|
|
|
|
|
|
|
|
|
(17,010)
|
|
|
|
|
Distributions to noncontrolling interests |
(17,181)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(17,181)
|
|
|
Other comprehensive income (loss) |
(9,315)
|
|
|
|
|
|
|
|
|
|
|
|
|
(5,917)
|
(3,398)
|
|
|
Net income (loss) |
12,940
|
|
|
|
|
|
|
|
|
|
|
|
7,411
|
|
5,529
|
|
|
Balances (in shares) at Mar. 31, 2019 |
|
|
|
|
|
6,900,000
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Mar. 31, 2019 |
|
|
|
|
|
|
|
56,698,686
|
|
|
|
|
|
|
|
|
|
Balances at Mar. 31, 2019 |
1,403,188
|
|
|
|
|
$ 172,500
|
|
$ 567
|
|
839,162
|
|
|
(126,309)
|
7,526
|
509,742
|
|
|
Balances (in shares) at Dec. 31, 2018 |
|
|
|
|
|
6,900,000
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Dec. 31, 2018 |
|
|
|
|
|
|
|
56,654,009
|
|
|
|
|
|
|
|
|
|
Balances at Dec. 31, 2018 |
1,402,299
|
|
|
|
|
$ 172,500
|
|
$ 567
|
|
844,276
|
|
|
(114,122)
|
13,618
|
485,460
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss) |
(29,667)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
30,673
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2019 |
|
|
|
|
|
8,685,680
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2019 |
|
|
|
|
|
|
|
59,296,969
|
|
|
|
|
|
|
|
|
|
Balances at Jun. 30, 2019 |
1,498,784
|
|
|
|
|
$ 217,142
|
|
$ 593
|
|
901,499
|
|
|
(156,192)
|
(5,466)
|
541,208
|
|
|
Balances (in shares) at Mar. 31, 2019 |
|
|
|
|
|
6,900,000
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Mar. 31, 2019 |
|
|
|
|
|
|
|
56,698,686
|
|
|
|
|
|
|
|
|
|
Balances at Mar. 31, 2019 |
1,403,188
|
|
|
|
|
$ 172,500
|
|
$ 567
|
|
839,162
|
|
|
(126,309)
|
7,526
|
509,742
|
|
|
Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of equity units |
|
|
|
15,515
|
$ 8,540
|
|
|
|
|
|
|
|
|
|
|
15,515
|
$ 8,540
|
Redemptions of equity units (in shares) |
|
|
|
|
|
|
|
224,618
|
|
|
|
|
|
|
|
|
|
Redemptions of equity units |
0
|
|
|
|
|
|
|
$ 2
|
|
1,839
|
|
|
|
28
|
(1,869)
|
|
|
Issuance of shares, net of offering costs (in shares) |
|
|
|
|
|
|
1,785,680
|
2,375,000
|
|
|
|
|
|
|
|
|
|
Issuance of shares, net of offering costs |
70,637
|
|
$ 43,624
|
|
|
|
$ 44,642
|
$ 24
|
|
70,613
|
|
$ (1,018)
|
|
|
|
|
|
Effect of changes in ownership for consolidated entities |
0
|
|
|
|
|
|
|
|
|
(9,179)
|
|
|
|
(28)
|
9,207
|
|
|
Equity-based compensation expense |
1,108
|
|
|
|
|
|
|
|
|
82
|
|
|
|
|
1,026
|
|
|
Issuance of LTIP units for acquisition expenses |
56
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56
|
|
|
Vesting and forfeitures of restricted common shares, net (in shares) |
|
|
|
|
|
|
|
(1,335)
|
|
|
|
|
|
|
|
|
|
Vesting and forfeitures of restricted common shares, net |
0
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
Preferred share dividends |
(3,257)
|
|
|
|
|
|
|
|
|
|
|
|
(3,257)
|
|
|
|
|
Common share dividends |
(18,970)
|
|
|
|
|
|
|
|
|
|
|
|
(18,970)
|
|
|
|
|
Distributions to noncontrolling interests |
(19,038)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19,038)
|
|
|
Other comprehensive income (loss) |
(20,352)
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,992)
|
(7,360)
|
|
|
Net income (loss) |
17,733
|
|
|
|
|
|
|
|
|
|
|
|
(7,656)
|
|
25,389
|
|
|
Balances (in shares) at Jun. 30, 2019 |
|
|
|
|
|
8,685,680
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2019 |
|
|
|
|
|
|
|
59,296,969
|
|
|
|
|
|
|
|
|
|
Balances at Jun. 30, 2019 |
$ 1,498,784
|
|
|
|
|
$ 217,142
|
|
$ 593
|
|
901,499
|
|
|
(156,192)
|
(5,466)
|
541,208
|
|
|
Balances (in shares) at Dec. 31, 2019 |
8,727,119
|
|
|
|
|
8,727,119
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Dec. 31, 2019 |
59,659,108
|
|
|
|
|
|
|
59,659,108
|
|
|
|
|
|
|
|
|
|
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] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of equity units |
|
|
|
6,206
|
|
|
|
|
|
|
|
|
|
|
|
6,206
|
|
Redemptions of equity units (in shares) |
|
|
|
|
|
|
|
118,961
|
|
|
|
|
|
|
|
|
|
Redemptions of equity units |
0
|
|
|
|
|
|
|
$ 1
|
|
1,437
|
|
|
|
(62)
|
(1,376)
|
|
|
LTIP units |
1,011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,011
|
|
|
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 (loss) |
15,763
|
|
|
|
|
|
|
|
|
|
|
|
6,648
|
|
9,115
|
|
|
Balances (in shares) at Mar. 31, 2020 |
|
|
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Mar. 31, 2020 |
|
|
|
|
|
|
|
68,027,212
|
|
|
|
|
|
|
|
|
|
Balances at Mar. 31, 2020 |
$ 1,381,055
|
|
|
|
|
$ 218,318
|
|
$ 680
|
|
970,786
|
|
|
(213,447)
|
(52,855)
|
457,573
|
|
|
Balances (in shares) at Dec. 31, 2019 |
8,727,119
|
|
|
|
|
8,727,119
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Dec. 31, 2019 |
59,659,108
|
|
|
|
|
|
|
59,659,108
|
|
|
|
|
|
|
|
|
|
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) |
(72,246)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ 33,550
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2020 |
8,732,719
|
|
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2020 |
68,703,733
|
|
|
|
|
|
|
68,703,733
|
|
|
|
|
|
|
|
|
|
Balances at Jun. 30, 2020 |
$ 1,368,745
|
|
|
|
|
$ 218,318
|
|
$ 687
|
|
984,950
|
|
|
(228,924)
|
(57,462)
|
451,176
|
|
|
Balances (in shares) at Mar. 31, 2020 |
|
|
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Mar. 31, 2020 |
|
|
|
|
|
|
|
68,027,212
|
|
|
|
|
|
|
|
|
|
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] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of equity units |
|
|
|
$ 5,842
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,842
|
|
Redemptions of equity units (in shares) |
|
|
|
|
|
|
|
292,291
|
|
|
|
|
|
|
|
|
|
Redemptions of equity 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 (loss) |
$ 17,787
|
|
|
|
|
|
|
|
|
|
|
|
10,422
|
|
7,365
|
|
|
Balances (in shares) at Jun. 30, 2020 |
8,732,719
|
|
|
|
|
8,732,719
|
|
|
|
|
|
|
|
|
|
|
|
Balances (in shares) at Jun. 30, 2020 |
68,703,733
|
|
|
|
|
|
|
68,703,733
|
|
|
|
|
|
|
|
|
|
Balances at Jun. 30, 2020 |
$ 1,368,745
|
|
|
|
|
$ 218,318
|
|
$ 687
|
|
$ 984,950
|
|
|
$ (228,924)
|
$ (57,462)
|
$ 451,176
|
|
|