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Equity Incentive Plan (Tables) | 6 Months Ended
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Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
Summary of Restricted Share Awards | A summary of the Company’s restricted share awards for the six months ended June 30, 2021 and the year ended December 31, 2020 is as follows:
| For the six months ended |  | For the year ended
| June 30, 2021 |  | December 31, 2020
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Non-vested at beginning of the period | 1,667 |  |  | $ | 17.40 |  |  | 5,001 |  |  | $ | 18.33 |
Granted | — |  |  | — |  |  | — |  |  | — |
Vested | — |  |  | — |  |  | (3,334) |  |  | 18.80 |
Forfeited | — |  |  | — |  |  | — |  |  | — |
Non-vested at end of the period | 1,667 |  |  | $ | 17.40 |  |  | 1,667 |  |  | $ | 17.40 |
Schedule of Long Term Incentive Unit Awards | A summary of the Company's LTIP Unit awards for the six months ended June 30, 2021 and the year ended December 31, 2020 is as follows:
| For the six months ended |  | For the year ended
| June 30, 2021 |  | December 31, 2020
| Number of Units |  | Weighted-Average Grant Date Fair Value |  | Number of Units |  | Weighted-Average Grant Date Fair Value
Non-vested at beginning of the period | 669,609 |  |  | $ | 15.73 |  |  | 598,320 |  |  | $ | 18.30 |
Granted | 330,945 |  |  | 14.55 |  |  | 325,507 |  |  | 13.42 |
Vested | (219,451) |  |  | 16.39 |  |  | (254,218) |  |  | 18.82 |
Forfeited | (16,925) |  |  | $ | 17.02 |  |  | — |  |  | $ | — |
Non-vested at end of the period | 764,178 |  |  | $ | 15.00 |  |  | 669,609 |  |  | $ | 15.73 |
Schedule of Performance-Based Long-Term Incentive Plan Payout Unit Awards | The 2021 Performance-Based LTIP Unit Awards, if earned, will be paid out between 50% and 150% of target value as follows:
| Relative TSR Hurdles (Percentile) |  | Payout Percentage
Threshold | 25th |  | 50%
Target | 50th |  | 100%
Maximum | 75th |  | 150%
Schedule of Share-based Payment Award, Valuation Assumptions | The grant date fair values of the LTIPs and the assumptions used to estimate the values are as follows:
| Grant Date | Number of Units Granted | Estimated Value Per Unit | Volatility | Dividend Yield | Risk Free Interest Rate
Outperformance Plan LTIP Unit Awards | 6/1/2015 | 183,300 | $14.13 | 26% | 4.5% | 0.95%
2016 Time-Based LTIP Unit Awards | 1/28/2016 | 72,966 | $16.69 | 28% | —% | 0.79%
2016 Performance-Based LTIP Unit Awards | 1/28/2016 | 39,285 | $11.09 | 30% | 5.8% | 1.13%
2017 Time-Based LTIP Unit Awards | 3/1/2017 | 89,574 | $18.53 | 24% | —% | 0.92%
2017 Performance-Based LTIP Unit Awards | 3/1/2017 | 134,348 | $19.65 | 25% | 5.8% | 1.47%
2018 Time-Based LTIP Unit Awards | 3/1/2018 | 97,968 | $16.83 | 26% | —% | 2.07%
2018 Performance-Based LTIP Unit Awards | 3/1/2018 | 146,949 | $17.02 | 26% | 6.2% | 2.37%
2019 Time-Based LTIP Unit Awards | 3/1/2019 | 88,746 | $18.45 | 21% | —% | 2.57%
2019 Performance-Based LTIP Unit Awards | 3/1/2019 | 133,107 | $18.91 | 21% | 6.2% | 2.55%
2020 Time-Based LTIP Unit Awards | 3/1/2020 | 130,206 | $13.05 | 20% | —% | 1.06%
2020 Performance-Based LTIP Unit Awards | 3/1/2020 | 195,301 | $13.66 | 20% | 8.1% | 0.90%
2021 Time-Based LTIP Unit Awards | 3/1/2021 | 132,381 | $12.52 | 78% | —% | 0.08%
2021 Performance-Based LTIP Unit Awards | 3/1/2021 | 198,564 | $15.91 | 64% | 3.4% | 0.30%

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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