SHARE BASED PAYMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Unvested Share Awards Issued to Executives

A summary of our share based compensation activity from December 31, 2022 to June 30, 2023 is as follows:

	LTIP Unit Awards				Restricted Share Awards			Share Awards
	Number of Units		Weighted Average Grant Date Fair Value		Number of Restricted Shares	Weighted Average Grant Date Fair Value		Number of Shares	Weighted Average Grant Date Fair Value
Unvested Balance as of December 31, 2022	1,105,573		$	9.65	164,166	$	9.83	—
Granted	1,297,419	(1)	5.90		52,710	5.90		145,615	$	6.36
Vested	(51,452)		5.90		(122,423)	10.03		(145,615)	6.36
Forfeited	—		N/A		(2,767)	10.52		—	N/A
Unvested Balance as of June 30, 2023	2,351,540		$	7.66	91,686	$	7.29	—

(1) On March 22, 2023, 1,104,874 Units were issued to the executive officers in settlement of the 2022 Short Term Incentive Program. These Units vest on December 31, 2024, the two year anniversary following the end of the performance period and were determined by dividing the dollar amount of award earned by $9.32, the per share volume weighted average trading price of the Company's common shares on the NYSE for the 20 trading days prior to December 31, 2022.

On June 21, 2023, the Compensation Committee awarded 192,545 LTIP Units related to the time based portion of the 2023 LTIP. These LTIP Units vest over a three year period from January 1, 2023 to December 31, 2025. The LTIP Units awarded were determined by dividing the dollar amount of award earned by $9.32, the per share volume weighted average trading price of the Company’s common shares on the NYSE for the 20 trading days prior to December 31, 2022.

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, 2023 and 2022 and unearned compensation as of June 30, 2023 and December 31, 2022:

	Share Based Compensation Expense								Unearned Compensation
	For the Three Months Ended				For the Six Months Ended				As of
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022		June 30, 2023		December 31, 2022
Issued Awards
LTIP Unit Awards	$	1,953	$	2,142	$	2,726	$	3,919	$	7,547	$	5,311
Restricted Share Awards	177		346		376		538		500		683
Share Awards	205		478		1,015		764		—		—
Unissued Awards
Market Based	362		333		632		619		2,971		2,541
Total	$	2,697	$	3,299	$	4,749	$	5,840	$	11,018	$	8,535

Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The remaining unvested target units are expected to vest as follows:

	2023	2024	2025	2026
LTIP Unit Awards	1,110,621	1,176,738	64,181	—
Restricted Share Awards	—	73,758	10,464	7,464
	1,110,621	1,250,496	74,645	7,464