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Equity Compensation RSUs (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The Company, through its Operating Partnership, has granted restricted stock units, or RSUs, to certain employees of affiliates of the Company, as shown in the following table:

Grant date
1/2/2019

 
1/2/2018

 
1/3/2017

Service period
2019-2021

 
2018-2020

 
2017-2019

 
 
 
 
 
 
RSU activity:
 
 
 
 
 
Granted
27,760

 
20,720

 
26,900

Forfeited
(3,480
)
 
(5,080
)
 
(7,037
)
Units earned and converted into common stock
—

 
—

 
(14,154
)
 
 
 
 
 
 
RSUs outstanding at December 31, 2019
24,280

 
15,640

 
5,709

 
 
 
 
 
 
RSUs unearned but vested
—

 
5,238

 
—

RSUs unearned and not yet vested
24,280

 
10,402

 
5,709

 
 
 
 
 
 
RSUs outstanding at December 31, 2019
24,280

 
15,640

 
5,709

 
 
 
 
 
 
Fair value per RSU
$
10.77

 
$
16.66

 
$
11.92

Total fair value of RSU grant
$
298,975

 
$
345,195

 
$
320,648

Restricted Stock Grants

The following annual grants of restricted stock were made to members of the Company's independent directors, as payment of the annual retainer fees. The restricted stock grants vested (or are scheduled to vest) on a pro-rata basis over the four consecutive 90-day periods following the date of grant.
Service year
 
Shares
 
Fair value per share
 
Total compensation cost (in thousands)
2017
 
24,408

 
$
14.75

 
$
360

2018
 
24,810

 
$
14.51

 
$
360

2019
 
26,446

 
$
15.88

 
$
420



Class B OP Units

As of December 31, 2019, cumulative activity of grants of Class B Units of the Operating Partnership, or Class B OP units, was:
 
 
Grant date
 
 
1/2/2018
 
1/3/2017
 
 
 
 
 
Units granted
 
256,087

 
286,392

Units forfeited:
 
 
 
 
   John A. Williams (1)
 
(38,284
)
 
—

  Voluntary forfeiture by senior executives (2)
 
(128,258
)
 
—

   Other
 
(22,722
)
 
(5,334
)
 
 
 
 
 
Total forfeitures
 
(189,264
)
 
(5,334
)
 
 
 
 
 
Units earned and converted into Class A Units
 
—

 
(254,730
)
 
 
 
 
 
Class B Units outstanding at December 31, 2019
 
66,823

 
26,328

 
 
 
 
 
Units unearned but vested
 
32,575

 
—

Units unearned and not yet vested
 
34,248

 
26,328

 
 
 
 
 
Class B Units outstanding at December 31, 2019
 
66,823

 
26,328

 
 
 
 
 
(1) Pro rata modification of award on April 16, 2018, the date of Mr. Williams' passing.
(2) Additional Class B OP units granted to senior executives other than Mr. Williams were voluntarily forfeited at the end of 2018.