Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following table reflects the amount of RSUs outstanding as of September 30, 2020 and 2019:

	Number of RSUs	Weighted-Average Issue Price
Unvested, December 31, 2019	40,541	$	20.47
Vested	(23,824)	21.71
Granted	28,232	13.37
Unvested, September 30, 2020	44,949	15.35

	Number of RSUs	Weighted-Average Issue Price
Unvested, December 31, 2018	46,352	$	22.04
Vested	(21,955)	22.56
Granted	16,563	18.89
Unvested, September 30, 2019	40,960	20.49

Schedule of Share Based Compensation Total Return

Half of the LTIP Units (the “Absolute TSR LTIP Units”) are eligible to be earned as of the last day of the Performance Period (the “Valuation Date”) if the Company achieves an absolute TSR with respect to threshold, target and maximum performance goals for the Performance Period as follows:

Performance Level (% of Absolute TSR LTIP Units Earned)			Absolute TSR				Number of Absolute TSR LTIP Units Earned
Below Threshold	—	%	Less than	24	%		—
Threshold	25	%		24	%		319,366
Target	50	%		30	%		638,733
Maximum	100	%		36	%	or higher	1,277,465

Half of the LTIP Units (the “Relative TSR LTIP Units”) are eligible to be earned as of the Valuation Date if the amount, expressed in terms of basis points, whether positive or negative, by which the Company’s absolute TSR for the Performance Period exceeds the average TSR of a peer group for the Performance Period consisting of Lexington Realty Trust, W.P. Carey Inc. and Office Properties Income Trust as follows:

Performance Level (% of Relative TSR LTIP Units Earned)			Relative TSR Excess			Number of Absolute TSR LTIP Units Earned
Below Threshold	—	%	Less than	-600	basis points	—
Threshold	25	%		-600	basis points	319,366
Target	50	%		—	basis points	638,733
Maximum	100	%		+600	basis points	1,277,465