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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Share Activity | The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2023:
| Number of Restricted Shares |  | Weighted Average Grant Date Fair Value per Share
Restricted shares outstanding as of January 1, 2023 | 300,833 |  |  | $ | 19.98 |
Shares granted | 229,551 |  |  | 21.45 |
Shares forfeited | (9,238) |  |  | 21.64 |
Shares vested | (184,069) |  |  | 19.38 |
Restricted shares outstanding as of December 31, 2023 | 337,077 |  |  | $ | 21.28 |
The following table summarizes the restricted share grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except share and per share data):
| Number of Restricted Shares Granted |  | Weighted Average Grant Date Fair Value per Share |  | Fair Value of Restricted Shares Vested
2023 | 229,551 |  |  | $ | 21.45 |  |  | $ | 3,936 |
2022 | 206,855 |  |  | $ | 21.15 |  |  | $ | 4,459 |
2021 | 194,411 |  |  | $ | 19.85 |  |  | $ | 3,763 |
The following table summarizes the activity for the restricted unit awards for the year ended December 31, 2023:
| Number of Restricted Units |  | Weighted Average Grant Date Fair Value per Unit
Restricted units outstanding as of January 1, 2023 | 407,138 |  |  | $ | 14.41 |
Restricted units granted | 163,515 |  |  | 17.45 |
Restricted units vested | (167,783) |  |  | 14.48 |
Restricted units outstanding as of December 31, 2023 | 402,870 |  |  | $ | 15.61 |
The following table summarizes the restricted unit grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except unit and per unit data):
| Number of Restricted Units Granted |  | Weighted Average Grant Date Fair Value per Unit |  | Fair Value of Restricted Units Vested
2023 | 163,515 |  |  | $ | 17.45 |  |  | $ | 3,740 |
2022 | 138,505 |  |  | $ | 17.07 |  |  | $ | 3,173 |
2021 | 72,689 |  |  | $ | 14.26 |  |  | $ | 2,956 |
Schedule of AO LTIP Units | During the year ended December 31, 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Equity Plan.
| Number of AO LTIP Units |  | Participation Threshold per AO LTIP Unit
John A. Kite | 477,612 |  |  | $ | 16.69 |
Thomas K. McGowan | 149,254 |  |  | $ | 16.69 |
Heath R. Fear | 119,403 |  |  | $ | 16.69 |

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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