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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of fair value assumptions

The per unit fair value of the grants from the 2019 OPP Plan was estimated on the date of grant using the following assumptions in the Monte Carlo valuation:

			Assumption
Expected price volatility for the Company			22.00%
Expected price volatility for the particular REIT index			18.00%
Risk-free rate			2.57%
Dividend yield			3.00%

Schedule of classification and amount recognized for stock-based compensation

The following table presents the classification and amount recognized for stock-based compensation related to the Company’s awards:

			Three Months Ended September 30,																		Nine Months Ended September 30,
			2019						2018						2019						2018
Expensed stock compensation(1)			$	5,176					$	4,292					$	15,393					$	12,919
Capitalized stock compensation(2)			28						282						92						802
TOTAL STOCK COMPENSATION(3)			$	5,204					$	4,574					$	15,485					$	13,721

_________________

1.Amounts are recorded in general and administrative expenses in the Consolidated Statements of Operations.

2.Amounts are recorded in deferred leasing costs and lease intangible assets, net and investment in real estate, at cost in the Consolidated Balance Sheets.

3.Amounts are recorded in additional paid-in capital and non-controlling interest—units in the operating partnership in the Consolidated Balance Sheets.

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Tabular disclosure of share-based payment arrangement.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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-SubTopic 10
-Section 50
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-Subparagraph (f)(2)
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