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Noncontrolling Interest (Tables) | 3 Months Ended
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Mar. 31, 2022
Noncontrolling Interest [Abstract] |
Noncontrolling interest activity | The following table summarizes the activity for noncontrolling interest in the Company during the three months ended March 31, 2022 and the year ended December 31, 2021.
Noncontrolling Interest |  | LTIP Units |  | Other Common Units |  | Total Noncontrolling Common Units |  | Noncontrolling Interest
Balance at December 31, 2020 |  | 1,692,423 |  |  | 1,592,815 |  |  | 3,285,238 |  |  | 2.0 | %
Granted/Issued |  | 405,844 |  |  | — |  |  | 405,844 |  |  | N/A
Forfeited |  | — |  |  | — |  |  | — |  |  | N/A
Conversions from LTIP units to Other Common Units |  | (149,143) |  |  | 149,143 |  |  | — |  |  | N/A
Redemptions from Other Common Units to common stock |  | — |  |  | (171,318) |  |  | (171,318) |  |  | N/A
Balance at December 31, 2021 |  | 1,949,124 |  |  | 1,570,640 |  |  | 3,519,764 |  |  | 1.9 | %
Granted/Issued |  | 470,237 |  |  | — |  |  | 470,237 |  |  | N/A
Forfeited |  | — |  |  | — |  |  | — |  |  | N/A
Conversions from LTIP units to Other Common Units |  | (65,000) |  |  | 65,000 |  |  | — |  |  | N/A
Redemptions from Other Common Units to common stock |  | — |  |  | (65,000) |  |  | (65,000) |  |  | N/A
Balance at March 31, 2022 |  | 2,354,361 |  |  | 1,570,640 |  |  | 3,925,001 |  |  | 2.1 | %
Schedule of share-based payment award, LTIP unit awards, valuation assumptions | three months ended March 31, 2022 (excluding the LTIP units granted pursuant to the 2019 performance units discussed in Note 8 below).
LTIP Units |  | Assumptions
Grant date |  | January 10, 2022
Expected term (years) |  | 10
Expected stock price volatility |  | 34.0 | %
Expected dividend yield |  | 4.0 | %
Risk-free interest rate |  | 1.204 | %
Fair value of LTIP units at issuance (in thousands) |  | $ | 4,385 |
LTIP units at issuance |  | 104,241 |
Fair value unit price per LTIP unit at issuance |  | $ | 42.07 |
Schedule of activity related to unvested LTIP unit awards | The following table summarizes activity related to the Company’s unvested LTIP units during the three months ended March 31, 2022 and the year ended December 31, 2021.
Unvested LTIP Units |  | LTIP Units |  | Weighted Average Grant Date Fair Value per Unit
Balance at December 31, 2020 |  | 211,448 |  |  | $ | 26.54 |
Granted |  | 405,844 |  |  | $ | 28.13 |
Vested |  | (427,184) |  |  | $ | 27.47 |
Forfeited |  | — |  |  | $ | — |
Balance at December 31, 2021 |  | 190,108 |  |  | $ | 27.84 |
Granted |  | 470,237 |  |  | $ | 42.07 |
Vested |  | (414,348) |  |  | $ | 40.39 |
Forfeited |  | — |  |  | $ | — |
Balance at March 31, 2022 |  | 245,997 |  |  | $ | 33.90 |
Schedule of vested LTIP unit award activity | The following table summarizes the fair value at vesting for the LTIP units that vested during the three months ended March 31, 2022 and 2021.
|  | Three months ended March 31, |  |
Vested LTIP units |  | 2022 |  | 2021 |  |  |  |
Vested LTIP units |  | 414,348 |  |  | 183,486 |  |  |  |  |
Fair value of vested LTIP units (in thousands) |  | $ | 18,593 |  |  | $ | 5,683 |  |  |  |  |

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- Definition Schedule of Share-based Payment Award, LTIP Unit Awards, Valuation Assumptions [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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