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Pay vs Performance Disclosure - USD ($)
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 11, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE DISCLOSURE
As required by Item 402(v) of Regulation S-K, which was mandated by Section 953(a) of the Dodd-Frank Act, we are providing the following information about the relationship between “compensation actually paid” to our principal executive officers or “PEOs” and “compensation actually paid” to our non-PEO NEOs, and the financial performance of the Company during the years ended December 31, 2023, 2022, 2021 and 2020, respectively, in each case calculated in a manner consistent with SEC rules.
Value of Initial Fixed $100
Investment Based On
(5):
Year
Summary
Compensation
Table Total for
PEO
(1)
Compensation
Actually Paid
to PEO
(1)(3)
Summary
Compensation
Table Total for
PEO
(2)
Compensation
Actually Paid
to PEO
(2)(3)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
(4)
Average
Compensation
Actually Paid to
Non-PEO
NEOs
(3)(4)
Total
Stockholder
Return
Peer Group
Total
Stockholder
Return
Net Loss
Attributable
to Common
Stockholders
(in thousands)
2023
$ 5,040,989 $ 5,680,921 $ 1,437,266 $ 1,378,690 $ 2,124,752 $ 2,274,935 $ 80.03 $ 111.46 $ (239,348)
2022
552,620 462,027 507,774 382,037 86.50 99.58 (8,363)
2021
525,544 405,202 421,870 324,536 93.15 131.65 (8,698)
2020
254,683 250,822 216,392 213,111 95.13 93.69 (7,775)
(1)
Mr. Edward M. Weil, Jr., is the PEO reflected in these columns for the fiscal year ended December 31, 2023. Mr. Weil commenced employment with the Company on September 12, 2023.
(2)
Mr. James L. Nelson is the PEO reflected in these columns for the fiscal years ended December 31, 2023, 2022, 2021 and 2020, respectively.
(3)
Compensation actually paid or “CAP” to our PEOs and Non-PEO NEOs is calculated based on the “Total Compensation” reported in the Summary Compensation Table above for each of the applicable fiscal years, adjusted to exclude and include certain items in accordance with Item 402(v) of Regulation S-K as shown below.
(4)
Mr. Christopher J. Masterson is the only non-PEO NEO reflected in these columns for fiscal years 2022, 2021 and 2020, and our only non-PEO NEO for those covered fiscal years. Mr. Masterson is the Company’s Chief Financial Officer, Treasurer and Secretary. Mr. Jesse C. Galloway and Mr. Masterson are the only non-PEO NEOs reflected in these columns for fiscal year 2023. Mr. Galloway is the Company’s executive vice president and general counsel.
(5)
Represents cumulative total return to holders of our Common Stock against the cumulative total return of our peer entities, represented by FTSE NAREIT Equity Index (“NAREIT Index”) from December 31, 2019 (the last trading day before fiscal year 2020) through December 29, 2023 (the last trading day of the covered period), calculated from the market close on the last trading day before fiscal year 2020 through and including the end of each applicable fiscal year in the table above for which the total stockholder return (“TSR”) is being calculated. The TSR for each investment assumes that $100 was invested in our Common Stock and the respective index on December 31, 2019 through December 31, 2023, including reinvestment of any dividends.
PEO SCT Total to CAP Reconciliation — Edward M. Weil, Jr.
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
Change in
Fair Value of
Prior Years’
Awards that
Vested
CAP
2023
$ 5,040,989 $ 3,464,664 $ 4,104,597 $  — $  — $ 5,680,921
PEO SCT Total to CAP Reconciliation — James L. Nelson
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
(3)
Change in
Fair Value of
Prior Years’
Awards that
Vested
(3)
CAP
2023
$ 1,437,266 $ $ $ (43,719) $ (14,857) $ 1,378,690
2022
552,620 500,175 500,175 (72,679) (17,914) 462,027
2021
525,544 499,324 400,718 (19,949) (1,787) 405,202
2020
254,683 248,963 245,102 250,822
Average Non-PEO NEOs SCT Total to CAP Reconciliation
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
(3)
Change in
Fair Value of
Prior Years’
Awards that
Vested
(3)
CAP
2023
$ 2,124,752 $ 1,471,282 $ 1,681,320 $ (48,077) $ (11,778) $ 2,274,935
2022
507,774 440,325 388,413 (59,095) (14,730) 382,037
2021
421,870 399,364 320,498 (16,949) (1,519) 324,536
2020
216,392 211,532 208,251 213,111
(1)
Represents the grant date fair value of equity-based awards granted each year. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the date of grant and do not necessarily reflect the actual value, if any, that may be realized by the NEOs.
(2)
We did not report a change in pension value for any of the years reflected in this table because the Company does not maintain a defined benefit or actuarial pension plan and therefore a deduction from SCT related to such pension plans is not needed.
(3)
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the applicable date(s) listed in the table above, and do not necessarily reflect the actual value, if any, that may be realized by the applicable NEO.
     
Named Executive Officers, Footnote    
(1)
Mr. Edward M. Weil, Jr., is the PEO reflected in these columns for the fiscal year ended December 31, 2023. Mr. Weil commenced employment with the Company on September 12, 2023.
(2)
Mr. James L. Nelson is the PEO reflected in these columns for the fiscal years ended December 31, 2023, 2022, 2021 and 2020, respectively.
(4)
Mr. Christopher J. Masterson is the only non-PEO NEO reflected in these columns for fiscal years 2022, 2021 and 2020, and our only non-PEO NEO for those covered fiscal years. Mr. Masterson is the Company’s Chief Financial Officer, Treasurer and Secretary. Mr. Jesse C. Galloway and Mr. Masterson are the only non-PEO NEOs reflected in these columns for fiscal year 2023. Mr. Galloway is the Company’s executive vice president and general counsel.
     
Peer Group Issuers, Footnote    
(5)
Represents cumulative total return to holders of our Common Stock against the cumulative total return of our peer entities, represented by FTSE NAREIT Equity Index (“NAREIT Index”) from December 31, 2019 (the last trading day before fiscal year 2020) through December 29, 2023 (the last trading day of the covered period), calculated from the market close on the last trading day before fiscal year 2020 through and including the end of each applicable fiscal year in the table above for which the total stockholder return (“TSR”) is being calculated. The TSR for each investment assumes that $100 was invested in our Common Stock and the respective index on December 31, 2019 through December 31, 2023, including reinvestment of any dividends.
     
Adjustment To PEO Compensation, Footnote    
(3)
Compensation actually paid or “CAP” to our PEOs and Non-PEO NEOs is calculated based on the “Total Compensation” reported in the Summary Compensation Table above for each of the applicable fiscal years, adjusted to exclude and include certain items in accordance with Item 402(v) of Regulation S-K as shown below.
PEO SCT Total to CAP Reconciliation — Edward M. Weil, Jr.
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
Change in
Fair Value of
Prior Years’
Awards that
Vested
CAP
2023
$ 5,040,989 $ 3,464,664 $ 4,104,597 $  — $  — $ 5,680,921
PEO SCT Total to CAP Reconciliation — James L. Nelson
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
(3)
Change in
Fair Value of
Prior Years’
Awards that
Vested
(3)
CAP
2023
$ 1,437,266 $ $ $ (43,719) $ (14,857) $ 1,378,690
2022
552,620 500,175 500,175 (72,679) (17,914) 462,027
2021
525,544 499,324 400,718 (19,949) (1,787) 405,202
2020
254,683 248,963 245,102 250,822
(1)
Represents the grant date fair value of equity-based awards granted each year. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the date of grant and do not necessarily reflect the actual value, if any, that may be realized by the NEOs.
(2)
We did not report a change in pension value for any of the years reflected in this table because the Company does not maintain a defined benefit or actuarial pension plan and therefore a deduction from SCT related to such pension plans is not needed.
(3)
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the applicable date(s) listed in the table above, and do not necessarily reflect the actual value, if any, that may be realized by the applicable NEO.
     
Non-PEO NEO Average Total Compensation Amount     $ 2,124,752 $ 507,774 $ 421,870 $ 216,392
Non-PEO NEO Average Compensation Actually Paid Amount     $ 2,274,935 382,037 324,536 213,111
Adjustment to Non-PEO NEO Compensation Footnote    
(3)
Compensation actually paid or “CAP” to our PEOs and Non-PEO NEOs is calculated based on the “Total Compensation” reported in the Summary Compensation Table above for each of the applicable fiscal years, adjusted to exclude and include certain items in accordance with Item 402(v) of Regulation S-K as shown below.
Average Non-PEO NEOs SCT Total to CAP Reconciliation
Additions to SCT Total(2)
Fiscal Year
SCT Total
Deductions
from SCT
Total
(1)
Fair Value
of Current
Year
Equity
Awards
(3)
Change in
Fair Value of
Prior Years’
Awards
Unvested
(3)
Change in
Fair Value of
Prior Years’
Awards that
Vested
(3)
CAP
2023
$ 2,124,752 $ 1,471,282 $ 1,681,320 $ (48,077) $ (11,778) $ 2,274,935
2022
507,774 440,325 388,413 (59,095) (14,730) 382,037
2021
421,870 399,364 320,498 (16,949) (1,519) 324,536
2020
216,392 211,532 208,251 213,111
(1)
Represents the grant date fair value of equity-based awards granted each year. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the date of grant and do not necessarily reflect the actual value, if any, that may be realized by the NEOs.
(2)
We did not report a change in pension value for any of the years reflected in this table because the Company does not maintain a defined benefit or actuarial pension plan and therefore a deduction from SCT related to such pension plans is not needed.
(3)
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 13 to the Company’s financial statements for fiscal year 2023 contained in our 2023 Annual Report on Form 10-K. The amounts shown in the table reflect the total fair value on the applicable date(s) listed in the table above, and do not necessarily reflect the actual value, if any, that may be realized by the applicable NEO.
     
Compensation Actually Paid vs. Company Selected Measure    
Relationship Between Financial Performance Measures and CAP
Between the years ended December 31, 2020 and 2021, respectively, our TSR decreased by approximately 2%, our net loss increased by approximately 12%, our, our PEO CAP with respect to Mr. Nelson increased by approximately 62% and our average non-PEO NEO CAP increased by approximately 52%.
Between the years ended December 31, 2021 and 2022, respectively, our TSR decreased by approximately 7%, our net loss decreased by approximately 4%, our PEO CAP with respect to Mr. Nelson increased by approximately 14% and our average non-PEO NEO CAP increased by approximately 18%.
Between the years ended December 31, 2022 and 2023, respectively, our TSR decreased by approximately 7%, our net loss increased by approximately 2,762%, our PEO CAP with respect to Mr. Nelson increased by approximately 198% and our average non-PEO NEO CAP increased by approximately 495%.
     
Total Shareholder Return Vs Peer Group    
Relationship Between Company TSR and Peer Group TSR
Between the years ended December 31, 2020 and 2021, respectively, the NAREIT Index TSR showed an increase of approximately 41%, while our TSR decreased by approximately 2%. Between the years ended
December 31, 2021 and 2022, respectively, the NAREIT Index TSR showed a decrease of approximately 24%, while our TSR decreased by approximately 7%. Between the years ended December 31, 2022 and 2023, respectively, the NAREIT Index TSR showed an increase of approximately 12%, while our TSR decreased by approximately 7%.
     
Tabular List, Table    
Tabular Disclosure of Most Important Measures to Determine Fiscal 2023 CAP
In determining compensation actually paid for the year ended December 31, 2023, other than TSR and net loss attributable to common stockholders, we did not consider any financial performance measures. Accordingly, we did not include a tabular list of our most important financial measures to determine compensation actually paid during the year ended December 31, 2023 pursuant to Item 402(v) of Regulation S-K and we have not included a “company selected measure” ​(CSM) column in the table above.
     
Total Shareholder Return Amount     $ 80.03 86.5 93.15 95.13
Peer Group Total Shareholder Return Amount     111.46 99.58 131.65 93.69
Net Income (Loss)     (239,348,000) (8,363,000) (8,698,000) (7,775,000)
PEO Name Mr. Edward M. Weil, Jr. James L. Nelson        
Mr. Edward M. Weil, Jr [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     5,040,989
PEO Actually Paid Compensation Amount     5,680,921
Mr. James L. Nelson [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     1,437,266 552,620 525,544 254,683
PEO Actually Paid Compensation Amount     1,378,690 462,027 405,202 250,822
PEO | Mr. Edward M. Weil, Jr [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (3,464,664)      
PEO | Mr. Edward M. Weil, Jr [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     4,104,597      
PEO | Mr. Edward M. Weil, Jr [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Mr. Edward M. Weil, Jr [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount          
PEO | Mr. James L. Nelson [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (500,175) (499,324) (248,963)
PEO | Mr. James L. Nelson [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     500,175 400,718 245,102
PEO | Mr. James L. Nelson [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (43,719) (72,679) (19,949)
PEO | Mr. James L. Nelson [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (14,857) (17,914) (1,787)
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (1,471,282) (440,325) (399,364) (211,532)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     1,681,320 388,413 320,498 208,251
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (48,077) (59,095) (16,949)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ (11,778) $ (14,730) $ (1,519)