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Share Incentive and Other Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Restricted Shares and LTIP Units

A summary of the status of the Company’s unvested Restricted Shares and LTIP Units is presented below:

 

Unvested Restricted Shares and LTIP Units

 

Common
Restricted
Shares

 

 

Weighted
Grant-Date
Fair Value

 

 

LTIP Units

 

 

Weighted
Grant-Date
Fair Value

 

Unvested as of December 31, 2022

 

 

92,735

 

 

$

17.31

 

 

 

1,465,398

 

 

$

18.59

 

Granted

 

 

70,629

 

 

 

14.11

 

 

 

780,193

 

 

 

15.00

 

Vested

 

 

(41,268

)

 

 

19.09

 

 

 

(354,343

)

 

 

20.35

 

Forfeited

 

 

(8,187

)

 

 

21.07

 

 

 

(92,589

)

 

 

30.78

 

Unvested as of December 31, 2023

 

 

113,909

 

 

 

14.41

 

 

 

1,798,659

 

 

 

16.03

 

Granted

 

 

25,423

 

 

 

17.03

 

 

 

724,045

 

 

 

16.13

 

Vested

 

 

(12,193

)

 

 

17.50

 

 

 

(416,713

)

 

 

18.97

 

Forfeited

 

 

(171

)

 

 

28.06

 

 

 

(62,258

)

 

 

26.51

 

Unvested as of March 31, 2024

 

 

126,968

 

 

$

14.62

 

 

 

2,043,733

 

 

$

15.15