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SHARE BASED PAYMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of unvested share awards issued to executives A summary of our share based compensation activity from January 1, 2022 to June 30, 2022 is as follows:
LTIP Unit AwardsRestricted Share AwardsShare Awards
Number of UnitsWeighted Average Grant Date Fair ValueNumber of Restricted SharesWeighted Average Grant Date Fair ValueNumber of SharesWeighted Average Grant Date Fair Value
Unvested Balance as of December 31, 2021
1,658,995 $10.73 170,740 $10.52 — 
Granted194,427 11.25 67,804 11.25 71,832 10.57 
Vested— N/A(125,544)10.82 (71,832)10.57 
Unvested Balance as of June 30, 2022
1,853,422 $10.78 113,000 $10.62 — 
Schedule of employee service share-based compensation, allocation of recognized period costs
The following table summarizes share based compensation expense for the three and six months ended June 30, 2022 and 2021 and unearned compensation as of June 30, 2022 and December 31, 2021:
Share Based
Compensation Expense
Unearned
Compensation
For the Three Months Ended
For the Six Months Ended
As of
June 30, 2022
June 30, 2021
June 30, 2022June 30, 2021
June 30, 2022
December 31, 2021
Issued Awards
LTIP Unit Awards$2,142 $1,534 $3,919 $3,258 $9,613 $11,344 
Restricted Share Awards346 254 538 422 1,049 834 
Share Awards478 367 764 367 — — 
Unissued Awards
Market Based333 434 619 711 3,657 2,230 
Total$3,299 $2,589 $5,840 $4,758 $14,319 $14,408 
Disclosure of share-based compensation arrangements by share-based payment award The remaining unvested target units are expected to vest as follows:
2022202320242025
LTIP Unit Awards680,8541,107,75764,811 — 
Restricted Share Awards99,99810,0023,000
680,854 1,207,755 74,813 3,000