v3.8.0.1

Long-Term Incentive Plan Units (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Unvested LTIP Units

The below table details on the Company's unvested LTIP Units as of September 30, 2017:

Grant Recipient		Number of LTIP Units Granted			Grant Date		Vesting Date(1)
Independent directors:
		10,002			September 12, 2017		September 11, 2018
Partially dedicated employees:
		8,090			December 13, 2016		December 13, 2017
		5,583			December 13, 2016		December 13, 2018
		5,949			December 15, 2015		December 15, 2017
		686			December 15, 2015		December 31, 2017
Total unvested LTIP Units at September 30, 2017		30,310

(1) Date at which such LTIP Units will vest and become non-forfeitable.

Roll-Forward of Company's LTIP Units Outstanding

The following table summarizes issuance and exercise activity of the Company's LTIP Units for the three month periods ended September 30, 2017 and 2016:

	Three Month Period Ended September 30, 2017									Three Month Period Ended September 30, 2016
	Manager			Director/ Employee			Total			Manager			Director/ Employee			Total
LTIP Units Outstanding (6/30/2017 and 6/30/2016, respectively)	375,000			94,539			469,539			375,000			74,938			449,938
Granted	—			10,002			10,002			—			8,403			8,403
Exercised	—			(2,801	)		(2,801	)		—			(2,475	)		(2,475	)
LTIP Units Outstanding (9/30/2017 and 9/30/2016, respectively)	375,000			101,740			476,740			375,000			80,866			455,866
LTIP Units Vested and Outstanding (9/30/2017 and 9/30/2016, respectively)	375,000			71,430			446,430			375,000			51,070			426,070

The following table summarizes issuance and exercise activity of the Company's LTIP Units for the nine month periods ended September 30, 2017 and 2016:

	Nine Month Period Ended September 30, 2017									Nine Month Period Ended September 30, 2016
	Manager			Director/ Employee			Total			Manager			Director/ Employee			Total
LTIP Units Outstanding (12/31/2016 and 12/31/2015, respectively)	375,000			94,539			469,539			375,000			74,938			449,938
Granted	—			10,002			10,002			—			8,403			8,403
Exercised	—			(2,801	)		(2,801	)		—			(2,475	)		(2,475	)
LTIP Units Outstanding (9/30/2017 and 9/30/2016, respectively)	375,000			101,740			476,740			375,000			80,866			455,866
LTIP Units Vested and Outstanding (9/30/2017 and 9/30/2016, respectively)	375,000			71,430			446,430			375,000			51,070			426,070

X

- Definition

Details of unvested LTIP units at the end of the period.

+ References

No definition available.

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- References

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- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901

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