The following table summarizes issuance, repurchase, and other activity with respect to the Company's common stock for the three-month periods ended March 31, 2020 and 2019: | | | | | | | | | | Three-Month Period Ended | | | March 31, 2020 | | March 31, 2019 | Shares of Common Stock Outstanding (December 31, 2019 and January 1, 2019, respectively) | | 38,647,943 |
| | 29,796,601 |
| Share Activity: | | | | | Shares of common stock issued | | 5,290,000 |
| | — |
| Shares of common stock issued in connection with incentive fee payment | | 637 |
| | — |
| Shares of common stock repurchased | | (288,172 | ) | | (50,825 | ) | OP LTIP Units exercised | | — |
| | — |
| OP Units exercised | | 129,516 |
| | — |
| Shares of Common Stock Outstanding (March 31, 2020 and 2019, respectively) | | 43,779,924 |
| | 29,745,776 |
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