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Equity Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
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, 2022
     36,463      $ 46.00        72,660      $ 44.64  
Granted
     10,930        57.20        78,979        53.20  
Vested
     (24,074      43.44        (56,568      46.30  
Forfeited
     (1,990      55.68        —         —   
  
 
 
    
 
 
    
 
 
    
 
 
 
Unvested at December 31, 2023
     21,329        53.76        95,071        50.76  
Granted
     11,476        57.20        78,991        54.12  
Vested
     (11,830      51.16        (65,624      50.12  
Forfeited
     (1,314      57.12        (3,954      51.44  
  
 
 
    
 
 
    
 
 
    
 
 
 
Unvested at December 31, 2024
     19,661      $ 57.12        104,484      $ 53.68  
  
 
 
       
 
 
    
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, 2022
     1,438     $ 39.12        95,134      $ 41.56  
Granted
     1,438
(1)
 
    39.12        67,800        53.20  
Vested
     (2,876     39.12        (29,680      36.36  
Forfeited
     —        —         —         —   
  
 
 
   
 
 
    
 
 
    
 
 
 
Unvested at December 31, 2023
     —        —         133,254        48.64  
Granted
     —        —         67,524        54.20  
Vested
     —        —         (37,097      37.20  
Forfeited
     —        —         (4,040      53.44  
  
 
 
   
 
 
    
 
 
    
 
 
 
Unvested at December 31, 2024
     —      $ —         159,641      $ 53.52  
  
 
 
      
 
 
    
 
(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.