Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details 2)

v2.4.0.8
Income Taxes (Details 2) (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Other income tax information      
Approximate amount by which basis of assets and liabilities for tax reporting purposes is lower than amount reported on consolidated balance sheet $ 324,000,000    
TRS
      
Other income tax information      
(Loss) income before income taxes 330,000 11,300,000 (27,700,000)
Deferred income tax (benefit) expense      
Federal (1,742,000) (312,000) 5,510,000
State (236,000) (69,000) 1,219,000
Total deferred income tax (benefit) expense (1,978,000) (381,000) 6,729,000
Current income tax (benefit) expense      
Federal 0 0 (16,000)
State 0 0 (3,000)
Total current income tax (benefit) expense 0 0 (19,000)
Total income tax (expense) benefit (1,978,000) (381,000) 6,710,000
Reconciliation of Federal statutory rate to the effective tax rate      
Income taxes at U.S. statutory rate (as a percent) 34.00% 34.00% 34.00%
State and local, net of U.S. Federal tax benefit (as a percent) 4.50% 4.60% 4.60%
Increase in deferred tax asset valuation allowance (as a percent) 562.90% 0.00% 0.00%
Other (as a percent) (1.10%) 0.00% 0.00%
Effective tax rate (as a percent) 600.30% 38.60% 38.60%
Operating Loss Carryforwards 14,000,000    
Deferred Tax Assets, Net [Abstract]      
Operating loss forward 5,382,000 6,014,000  
Share-based compensation 869,000 904,000  
Accrued payroll 221,000 12,000  
Property (105,000) (111,000)  
Valuation allowance (2,062,000) (207,000)  
Deferred tax asset, net 4,305,000 6,612,000  
Increase in deferred tax asset valuation $ 1,900,000    
Common Shares
      
Income Tax [Line Items]      
Ordinary income (as a percent) 71.80% 33.20% 56.90%
Long-term capital gain (as a percent) 22.40% 0.00% 9.40%
Return of capital (as a percent) 5.80% 66.80% 33.70%
Preferred Shares
      
Income Tax [Line Items]      
Ordinary income (as a percent) 76.20% 100.00% 85.90%
Long-term capital gain (as a percent) 23.80% 0.00% 14.10%
Return of capital (as a percent) 0.00% 0.00% 0.00%