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Equity Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Common Share Awards and RSU of Incentive Plan These awards generally vested immediately. A summary of restricted common share award and RSU activity is presented below.
202320222021
Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share 		Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share 		Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share
Balance, January 1,395,482 $18.67 404,988 $13.75 406,849 $11.68 
Granted356,886 18.06 269,150 23.07 514,177 20.08 
Vested(260,128)17.80 (223,785)14.40 (475,426)18.82 
Forfeited(75,505)18.59 (54,871)21.38 (40,612)13.78 
Balance, December 31, (1)416,735 $18.70 395,482 $18.67 404,988 $13.75 
(1)The outstanding award balance above included 127,989, 163,348, and 135,336 RSUs as of December 31, 2023, 2022, and 2021, respectively.
Schedule of PSU Activity of the Incentive Plan A summary of PSU activity is presented below.
202320222021
Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share 		Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share 		Number
 of
 Shares		Weighted Average Grant Date Fair
Value Per Share
Balance, January 1,841,519 $13.74 944,907 $9.32 882,076 $8.21 
Granted (1)216,794 17.43 198,099 20.67 257,230 12.45 
Change in awards based on performance (2)104,060 14.22 150,147 8.89 145,911 7.04 
Vested(452,380)11.55 (425,022)6.47 (340,310)7.04 
Forfeited(120,471)16.68 (26,612)20.35 — — 
Balance, December 31,589,522 $16.26 841,519 $13.74 944,907 $9.32 
(1)PSUs granted reflects the number of awards assuming target performance. The actual number of awards earned is based on actual performance during the three-year performance period and ranges from 0%-150% of target.
(2)Represents the change in the numbers of PSUs earned based on above target performance achievement for the performance period.
Schedule of Assumptions Used in Computing the Fair Value
Our assumptions used in computing the fair value of the PSUs at the dates of their respective grants, using the Monte Carlo method, were as follows:
For the year ended December 31,
202320222021
Dividend yield4.7%5.4%6.4%
Volatility (a)33.0%32.0%33.0%
Expected term2.9 years2.9 years2.8 years
(a)This represents the volatility assumption used for IRT. The volatility assumptions used for our peer group and the NAREIT Mortgage Index ranged from 25% to 45%.