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Equity Based Compensation (Tables)
 3 Months Ended 6 Months Ended
Mar. 31, 2023
Jun. 30, 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

 

 

43,720

 

 

 

14.30

 

 

 

315,915

 

 

 

13.30

 

Vested

 

 

(95,563

)

 

 

10.87

 

 

 

(11,520

)

 

 

13.89

 

Forfeited

 

 

(4,525

)

 

 

14.17

 

 

 

—

 

 

 

—

 

Unvested at June 30, 2023

 

 

89,482

 

 

$

13.42

 

 

 

595,036

 

 

$

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 June 30, 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.