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Stock Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of restricted stock awards A summary of our restricted stock awards from January 1, 2020 to September 30, 2020 is as follows:
Number of
Shares
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2020472,999 $10.40 
Granted343,410 9.41 
Vested(229,664)10.55 
Forfeited(13,683)9.99 
Unvested balance at September 30, 2020573,062 $9.76 
Schedule of nonvested performance-based units activity
A summary of our PSUs from January 1, 2020 to September 30, 2020 is as follows:
Number of
Target Units
Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2020796,532 $11.16 
Granted352,035 9.02 
Additional units from dividends9,556 10.42 
Vested (1)(245,937)11.00 
Unvested balance at September 30, 2020912,186 $9.63 
______________________
(1)The number of shares of common stock earned for the PSUs vested in 2020 was equal to 123.07% of the PSU Target Award.
Summary of LTIP units
A summary of our LTIP units from January 1, 2020 to September 30, 2020 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2020244,366 $10.65 
Granted80,898 9.58 
Vested (1)(81,455)10.65 
Unvested balance at September 30, 2020243,809 $10.29 
______________________
(1)As of September 30, 2020, all vested LTIP units have been converted to common OP units.