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Stock Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards A summary of our restricted stock awards from January 1, 2021 to March 31, 2021 is as follows:
Number of
Shares
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2021557,273 $9.83 
Granted1,114,894 9.40 
Vested(236,288)9.93 
Unvested balance at March 31, 20211,435,879 $9.48 
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2021 to March 31, 2021 is as follows:
Number of
Target Units
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2021912,186 $9.63 
Granted347,981 9.34 
Vested (1)(290,927)9.90 
Unvested balance at March 31, 2021969,240 $9.45 
______________________
(1)The number of shares of common stock earned for the PSUs vested in 2021 was equal to 100.0% of the PSU Target Award.
Summary of LTIP Units
A summary of our LTIP units from January 1, 2021 to March 31, 2021 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2021243,809 $10.29 
Vested (1)(108,421)10.38 
Unvested balance at March 31, 2021135,388 $10.22 
______________________
(1)As of March 31, 2021, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units.