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v3.23.1

Equity Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2023
Time Based Awards |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Schedule of Un-Vested Share Activity | The following table summarizes the activity related to our time based awards:
|  | Restricted Stock |  |  | LTIP Units |
Time Based Award Grants |  | Shares |  |  | Weighted-Average Grant-Date Fair Value |  |  | Units |  |  | Weighted-Average Grant-Date Fair Value |
Unvested at December 31, 2021 |  |  | 219,946 |  |  | $ | 9.64 |  |  |  | 274,196 |  |  | $ | 9.22 |
Granted |  |  | 60,032 |  |  |  | 14.33 |  |  |  | 181,664 |  |  |  | 13.23 |
Vested |  |  | (129,498 | ) |  |  | 9.64 |  |  |  | (165,219 | ) |  |  | 10.21 |
Forfeited |  |  | (4,630 | ) |  |  | 11.76 |  |  |  | — |  |  |  | — |
Unvested at December 31, 2022 |  |  | 145,850 |  |  |  | 11.50 |  |  |  | 290,641 |  |  |  | 11.16 |
Granted |  |  | 38,125 |  |  |  | 14.30 |  |  |  | 297,867 |  |  |  | 13.30 |
Vested |  |  | (42,522 | ) |  |  | 11.22 |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested at March 31, 2023 |  |  | 141,453 |  |  | $ | 12.34 |  |  |  | 588,508 |  |  | $ | 12.24 |
Performance Based Awards |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Schedule of Un-Vested Share Activity | The following table summarizes our activity related to our performance based awards:
|  | Restricted Stock |  |  | LTIP Units |
Performance Based Award Grants |  | Shares |  |  | Weighted-Average Grant-Date Fair Value |  |  | Units |  |  | Weighted-Average Grant-Date Fair Value |
Unvested at December 31, 2021 |  |  | 5,752 |  |  | $ | 9.78 |  |  |  | 267,107 |  |  | $ | 9.21 |
Granted |  |  | — |  |  |  | — |  |  |  | 113,429 |  |  |  | 13.18 |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested at December 31, 2022 |  |  | 5,752 |  |  |  | 9.78 |  |  |  | 380,536 |  |  |  | 10.39 |
Granted |  |  | 5,752 |  | (1) |  | 9.78 |  |  |  | 271,199 |  |  |  | 13.30 |
Vested |  |  | (11,504 | ) |  |  | 9.78 |  |  |  | (118,720 | ) |  |  | 9.09 |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested at March 31, 2023 |  |  | — |  |  | $ | — |  |  |  | 533,015 |  |  | $ | 12.16 |
(1) On March 2, 2023 the Compensation Committee of the board of directors approved the vesting of the 2020 performance grant at 200% of the targeted award. Accordingly, individuals who elected to receive performance based restricted stock were issued and immediately vested additional shares to equal 200% of their targeted award.

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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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