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Equity Incentive Plan (Tables)
 9 Months Ended
Sep. 30, 2016
Restricted share awards  
Equity Incentive Plan  
Summary of the unvested restricted shares
A summary of the unvested restricted shares as of September 30, 2016 is as follows:
 
2016
 
Number of
Shares
 
Weighted-Average
Grant Date Fair
Value
Unvested at January 1,
540,885

 
$
26.73

Granted (1)
584,098

 
20.73

Vested (1)
(213,385
)
 
23.67

Forfeited (2)
(292,843
)
 
23.71

Unvested at September 30,
618,755

 
$
23.55


 
(1)
Includes 2,554 unrestricted shares that were issued in lieu of cash compensation to non-employee trustees at a weighted-average grant date fair value of $22.26.
(2)
Includes the forfeiture of 285,926 unvested restricted shares upon the resignation of the Company's President and Chief Executive Officer in May 2016.