Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Activity

The following table reflects the activity of restricted shares for the years ended December 31, 2019, 2018 and 2017:

	Number of Shares of Common Stock		Weighted-Average Issue Price
Unvested, December 31, 2016	9,367		$	23.70
Granted	8,897		23.59
Vested	(2,556	)	23.47
Unvested, December 31, 2017	15,708		23.67
Granted	127,402		16.01
Vested	(6,869	)	23.58
Forfeited	(7	)	—
Unvested, December 31, 2018	136,234		16.51
Granted	34,588		9.83
Vested	(59,401	)	16.36
Forfeited	—		—
Unvested, December 31, 2019	111,421		14.52

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest

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 Colony Capital, Inc., Lexington Realty Trust, RPT Realty (formerly known as Ramco-Gershenson Properties Trust), Spirit Realty Capital, Inc. and Office Properties Income Trust as follows:

Performance Level	Relative TSR Excess			Percentage of Relative TSR LTIP Units Earned
Below Threshold	Less than	-600	basis points	—	%
Threshold		-600	basis points	25	%
Target		—	basis points	50	%
Maximum		+600	basis points	100	%

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 total stockholder return (“TSR”) for the Performance Period as follows:

Performance Level	Absolute TSR				Percentage of LTIP Units Earned
Below Threshold	Less than	24	%		—	%
Threshold		24	%		25	%
Target		30	%		50	%
Maximum		36	%	or higher	100	%