XML 101 R85.htm IDEA: XBRL DOCUMENT v3.25.0.1
Equity-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Nov. 29, 2023
Sep. 12, 2023
Sep. 11, 2023
Jun. 03, 2021
Jun. 02, 2021
Nov. 30, 2023
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Apr. 12, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity based compensation                     $ (100)  
Net compensation charge                     300  
Equity-based compensation, net of forfeitures                 $ 8,932 $ 17,297 12,072  
Non-controlling interest                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity-based compensation, net of forfeitures                 $ 0 $ 12,928 $ 8,983  
Restricted stock                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares issued in the period (in shares)                 334,642 565,620 359,840  
Restricted stock | Tranche One                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting percent                 50.00%      
Restricted stock | Advisor | Tranche One                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting percent                 25.00%      
Restricted stock | Advisor | Tranche Two                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting percent                 25.00%      
Restricted stock | Advisor | Tranche Three                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting percent                 25.00%      
Restricted stock | Advisor | Tranche Four                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting percent                 25.00%      
Performance Shares                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Award vesting period           3 years            
Unrecognized compensation cost                 $ 3,200      
Period for recognition                 1 year 9 months      
Performance Shares | Minimum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Termination period           180 days            
Performance Shares | Maximum                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Termination period           2 years            
LTIP Units | Advisor                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Payments of distributions to affiliates             $ 2,900          
2021 Equity Plan                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Number of shares authorized (in shares)                       6,300,000
Restricted Share Plan                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity based compensation                 $ 8,900 $ 4,400 $ 3,100  
Unrecognized compensation cost                 $ 8,000      
Period for recognition                 2 years 1 month 6 days      
Restricted Share Plan | Restricted stock                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares issued in the period (in shares)               23,156        
Unrecognized compensation cost                 $ 3,100      
Period for recognition                 2 years 4 months 24 days      
Granted (in shares)                 0 265,125 230,398  
RTL Restricted Shares that vested (in shares)                 179,228 274,850 148,278  
Forfeitures (in shares)                 51,750 5,631 27,387  
Long-Term Incentive Plan | Performance Shares                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity fair value $ 5,100                      
Equity based compensation, requisite service period 2 years 9 months 18 days                      
2018 RTL Equity Plan                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Number of additional shares authorized (in shares)   2,295,658                    
2021 Multi Year Outperformance Plan                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Shares authorized         $ 50,000              
Share price (in dollars per share)         $ 20.00              
2021 Multi Year Outperformance Plan | Share-based Payment Arrangement, Nonemployee                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity based compensation, requisite service period       3 years 1 month 6 days                
2021 Multi Year Outperformance Plan | Tranche One                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       24.00%                
Relative TSR Excess       (0.0600)                
2021 Multi Year Outperformance Plan | Tranche Two                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       24.00%                
Relative TSR Excess       (0.0600)                
2021 Multi Year Outperformance Plan | Tranche Three                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       30.00%                
Relative TSR Excess       0                
2021 Multi Year Outperformance Plan | Minimum | Tier One                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       24.00%                
Relative TSR Excess       (0.0600)                
2021 Multi Year Outperformance Plan | Minimum | Tier Two                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       30.00%                
Relative TSR Excess       0                
2021 Multi Year Outperformance Plan | Maximum | Tier One                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       30.00%                
Relative TSR Excess       0                
2021 Multi Year Outperformance Plan | Maximum | Tier Two                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Absolute TSR       36.00%                
Relative TSR Excess       0.0600                
2021 Multi Year Outperformance Plan | LTIP Units | Share-based Payment Arrangement, Nonemployee                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity fair value       $ 27,700                
2021 Multi Year Outperformance Plan | LTIP Units | Advisor                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Granted (in shares)         2,500,000              
RTL Restricted Shares that vested (in shares)     883,750                  
Forfeitures (in shares)     1,616,250                  
2018 Multi Year Outperformance Plan | Share-based Payment Arrangement, Nonemployee | Non-controlling interest                        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                        
Equity-based compensation, net of forfeitures                   $ 12,900 $ 9,000