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Equity Based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
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
    
(7,961
    
13.92
      
—  
      
—  
 
  
 
 
    
 
 
    
 
 
    
 
 
 
Unvested at September 30, 2023
    
86,046
    
$
13.41
      
595,036
    
$
12.24
 
  
 
 
       
 
 
    
The following table summarizes the activity related to our time based awards:
 
    
Restricted Stock
    
LTIPs
 
Time Based Award Grants
  
Shares
    
Weighted-Average

Grant-Date
Fair Value
    
Units
    
Weighted-Average

Grant-Date
Fair Value
 
Unvested at December 31, 2020
    
249,271
    
$
9.58
      
160,891
    
$
9.09
 
Granted
    
78,192
      
9.85
      
222,581
      
9.30
 
Vested
    
(105,328
    
9.64
      
(109,276
    
9.20
 
Forfeited
    
(2,189
    
9.78
      
—  
      
—  
 
  
 
 
    
 
 
    
 
 
    
 
 
 
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
 
  
 
 
       
 
 
    
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 September 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.
The following table summarizes our activity related to our performance based awards:
 
    
Restricted Stock
    
LTIPs
 
Performance Based Award Grants
  
Shares
    
Weighted-Average

Grant-Date
Fair Value
    
Units
    
Weighted-Average

Grant-Date
Fair Value
 
Unvested at December 31, 2020
    
5,752
    
$
9.78
      
130,638
    
$
9.09
 
Granted
    
—  
      
—  
      
148,387
      
9.30
 
Vested
    
—  
      
—  
      
—  
      
—  
 
Forfeited
    
—  
      
—  
      
(11,918
    
9.09
 
  
 
 
    
 
 
    
 
 
    
 
 
 
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