Summary Of Unvested Share Awards Issued To Nonemployees



						Shares Vested			Unearned Compensation
Original Issuance Date	Shares Issued	Share Price on Date of Grant		Vesting Period	Vesting Schedule	June 30, 2017	December 31, 2016		June 30, 2017		December 31, 2016
March 28, 2017	15,000	$	18.53	2 years	50% /year	7,625	-	$	137	$	-
March 30, 2016	7,350	$	21.11	2 years	50% /year	7,350	3,750		-		79
Total	22,350					14,975	3,750	$	137	$	79

Summary Of Unvested Share Awards Issued To Trustees


				Shares Vested		Unearned Compensation
Original Issuance Date	Shares Issued	Vesting Period	Vesting Schedule	June 30, 2017	December 31, 2016		June 30, 2017		December 31, 2016
December 30, 2016	5,000	3 years	33% /year	-	-	$	90	$	108
March 30, 2016	2,500	3 years	33% /year	835	835		26		35
December 30, 2014	2,500	3 years	33% /year	1,670	1,670		12		24
				2,505	2,505	$	128	$	167

Summary Of Unvested Share Awards Issued To Executives


				Units Vested		Unearned Compensation
Compensation Committee Approval Date	LTIP Units Issued	LTIP Issuance Date	Performance Period	June 30, 2017	December 31, 2016		June 30, 2017		December 31, 2016
March 10, 2017
(2017 Multi-Year EIP)	-	N/A	1/1/2017 to 12/31/2019	-	-	$	1,047	$	-
March 17, 2016
(2016 Multi-Year EIP)	-	N/A	1/1/2016 to 12/31/2018	-	-		740	$	888
March 18, 2015
(2015 Multi-Year EIP)	-	N/A	1/1/2015 to 12/31/2017	-	-		298		397
April 11, 2014
(2014 Multi-Year EIP)	61,057	3/28/2017	1/1/2014 to 12/31/2016	30,524	-		221		283
	61,057			30,524	-	$	2,306	$	1,568

Summary Of Unvested Share Awards Issued To Executives


				Units Vested		Unearned Compensation
Issuance Date	LTIP Units Issued	Vesting Period	Vesting Schedule	June 30, 2017	December 31, 2016		June 30, 2017		December 31, 2016
March 28, 2017
(2016 Annual EIP)	122,727	3 years	25%/year (1)	30,680	-	$	852	$	-
March 30, 2016
(2015 Annual EIP)	183,396	3 years	25%/year (1)	91,696	91,696		563		868
March 30, 2015
(2014 Annual EIP)	128,832	3 years	25%/year (1)	96,623	96,623		113		225
December 23, 2014	258,899	5 years	33% Year 3, 4, 5 (2)	258,899	172,599		-		457
	693,854			477,898	360,918	$	1,528	$	1,550

(1)

25% of the issued shares or LTIP Units vested immediately upon issuance. In general, the remaining shares or LTIP Units vest 25% on the first through third anniversaries of the end of the performance period, which is a calendar year-end (subject to continuous employment through the applicable vesting date).

(2)

On April 18, 2012, the Company entered into amended and restated employment agreements with the Company’s executive officers. To induce the executives to agree to the substantial reduction in benefits upon certain terminations following a change of control as described in the agreements, the Company awarded an aggregate of 258,899 restricted common shares to the executives pursuant to the 2012 Plan, which were subsequently forfeited and replaced with LTIP Units on December 23, 2014. One-third of each award of LTIP Units vested or will vest on each of the third, fourth and fifth anniversaries of the original date of issuance. Vesting will accelerate upon a change of control or if the relevant executive’s employment with the Company were to terminate for any reason other than for cause (as defined in the employment agreements).

Summary Of Unvested Share Awards Issued To Executives


						Shares Vested			Unearned Compensation
Original Year of Issuance Date	Shares Issued	Range of Share Price on Date of Grant		Vesting Period	Vesting Schedule	June 30, 2017	December 31, 2016		June 30, 2017		December 31, 2016
2017	10,809	$	18.51-18.53	2 years	50% /year	885	-	$	156	$	-
2016	30,070		18.02-21.11	2 years	50% /year	18,160	497		194		348
2015	23,281		21.76-28.09	2-4 years	25-50% /year	20,815	13,733		66		157
Total	64,160					39,860	14,230	$	416	$	505

NOTE 8 – SHARE BASED PAYMENTS (CONTINUED)

Summary Of Unvested Share Awards Issued To Trustees



						Unearned Compensation
Original Issuance Date	Shares Issued	Share Price on Date of Grant		Vesting Period	Vesting Schedule		June 30, 2017		December 31, 2016
December 30, 2016	4,395	$	21.50	12 months	100%	$	47	$	94