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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity under Plan
The following table summarizes stock option activity under the 2012 Plan and 2021 Plan for the nine months ended September 30, 2022 and 2021:
For the Nine Months Ended
September 30,
 20222021
Options outstanding at beginning of period824,300 1,090,300 
Granted— — 
Exercised(63,750)(259,000)
Forfeited— — 
Options outstanding at end of period760,550 831,300 
Options exercisable at end of period755,550 793,800 
Summary of Restricted Share Units Activity Under Plan
The following table summarizes RSU activity under the 2012 Plan and 2021 Plan for the nine months ended September 30, 2022 and 2021:
For the Nine Months Ended
September 30,
 20222021
RSUs outstanding at beginning of period1,050,599 651,537 
Awarded465,171 645,955 
Vested(439,331)(208,574)
Forfeited(37,045)(28,239)
RSUs outstanding at end of period1,039,394 1,060,679 
Summary of Performance Share Units Activity Under Plan
The following table summarizes PSU activity under the 2012 Plan and 2021 Plan for the nine months ended September 30, 2022 and 2021:
For the Nine Months Ended
September 30,
 20222021
PSUs outstanding at beginning of period92,319 — 
Awarded202,104 92,319 
Vested— — 
Forfeited— — 
PSUs outstanding at end of period294,423 92,319 
Summary of Activity in Noncash Share-Based Compensation Expense The following table summarizes the activity related to the Company’s noncash share-based compensation expense for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands):
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2022202120222021
General and administrative expense$3,390 $1,557 $13,352 $7,722 
Property management expenses1,015 680 3,146 2,278 
Acquisition and other transaction costs1,275 821 7,230 4,319 
Total noncash share-based compensation expense$5,680 $3,058 $23,728 $14,319