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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table summarizes restricted stock unit grants under the 2017 Plan during the nine months ended September 30, 2022 and 2021, respectively:
Nine Months Ended September 30,Grantee TypeNumber of
Restricted Stock
Units Granted		Vesting
Period		Grant Date
Fair Value
(in thousands)
2022Directors4,810
1 year
$125 
2022Associates529,883
1-3 years
$14,317 
2021Directors6,616
1 year
$250 
2021Associates321,150
1-3 years
$10,792 
The following table provides a summary of restricted stock awards activity during the nine months ended September 30, 2022:
Nine Months Ended September 30, 2022
Restricted StockNumber of Time-Based Restricted Stock UnitsAggregate Intrinsic Value (in millions)
Number of Market Performance-Based Restricted Stock Units(2)
Aggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2021
1,071,959 $35.1 374,048 $12.3 
Granted
403,517 131,176 
 Market-performance adjustment(3)
— (18,253)
Vested
(217,873)(194,111)
Forfeited
(134,681)(24,596)
Non-vested as of September 30, 2022
1,122,922 $27.6 268,264 $6.6 
Shares vested, but not released(1)
46,890 $1.2 — $— 
Total outstanding restricted stock units
1,169,812 $28.8 268,264 $6.6 
(1)For certain vested restricted stock units, common share issuance is contingent upon the first to occur of: (1) termination of service; (2) change in control; (3) death; or (4) disability, as defined in the 2010 Plan. This is also comprised of 46,890 vested time-based restricted stock units which belong to an active member of the Board of Directors and the date of issuance is therefore unknown at this time. The weighted average grant date fair value of these units is $8.42 per unit. The holders of these vested restricted stock units are entitled to receive distributions, but are not entitled to vote the shares until common shares are issued in exchange for these vested restricted stock units.
(2)The number of market performance-based restricted stock units are reflected within this table based upon the number of shares issuable upon achievement of the performance metric at target.
(3)Represents the decrease in the number of original market-performance units awarded based on the final performance criteria achievement at the end of the defined performance period.
Schedule of OP Units Activity
The following table summarizes OP unit grants during the nine months ended September 30, 2022 and September 30, 2021:
Nine Months Ended September 30,Grantee TypeNumber of
OP Units Granted		Vesting
Period		Grant Date
Fair Value
(in thousands)
2022Directors35,593
1 year
$925 
2022Associates342,980
1-3 years
$9,087 
2021Directors17,863
1 year
$675 
2021Associates258,479
1-3 years
$8,434 
OP units granted for the year ended September 30, 2022 consisted of: (i) 35,593 time-based OP units with a one year vesting period issued to non-employee directors as part of their annual compensation, (ii) 98,994 time-based graded vesting OP units with various vesting periods ranging from one to three years issued to certain associates in connection with the annual grant provided in March and (iii) 243,986 market performance-based cliff vesting OP units with a three-year vesting period issued to certain associates in connection with the annual grant provided in March.
OP units granted for the year ended September 30, 2021 consisted of: (i) 17,863 were time-based OP units with a one year vesting period issued to non-employee directors as part of their annual compensation, (ii) 60,472 time-based graded vesting OP units with various vesting periods ranging from one to three years issued to certain associates and (iii) 198,007 market performance-based cliff vesting OP units with a three-year vesting period issued to certain associates.
The following table provides a summary of the OP unit awards activity during the nine months ended September 30, 2022:
Nine Months Ended September 30, 2022
OP UnitsNumber of Time-Based OP UnitsAggregate Intrinsic Value (in millions)Number of Market Performance-Based OP UnitsAggregate Intrinsic Value (in millions)
Non-vested as of December 31, 2021
140,222 $4.6 288,165 $9.4 
Granted
134,587 243,986 
Vested
(94,114)— 
Forfeited
(7,635)(53,977)
Non-vested as of September 30, 2022
173,060 $4.3 478,174 $11.8 
Shares vested, but not released
166,838 $4.8 — $— 
Total outstanding OP units
339,898 $9.1 478,174 $11.8 
Schedule of Stock Option Activity
The following table provides a summary of option activity for the nine months ended September 30, 2022:
OptionsShares
(In thousands)		Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Terms (Years)
Outstanding as of December 31, 2021
206,298 $9.81 2.9
Granted
— $— 
Exercised
(45,800)$9.81 
Forfeited or expired
— $— 
Outstanding as of September 30, 2022
160,498 $9.81 2.7
Exercisable as of September 30, 2022
160,498 $9.81 2.7