Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements

Compensation cost relating to stock-based compensation for the years ended December 31, 2022, 2021, and 2020 was recorded as follows (in thousands):

	Years Ended December 31,
	2022		2021		2020
General and administrative expense	$	1,905	$	1,505	$	1,615
General contracting and real estate services expenses	1,342		738		763
Capitalized in conjunction with development projects	530		329		483
Total stock-based compensation cost	$	3,777	$	2,572	$	2,861

Summary of the changes in the company's nonvested restricted stock awards

The following table summarizes the changes in the Company’s unvested restricted stock awards during the year ended December 31, 2022:

	Restricted Stock Awards	Weighted Average Grant Date Fair Value Per Share
Unvested as of January 1, 2022	151,812	$	14.24
Granted	288,677	14.60
Vested	(190,525)	14.90
Forfeited	(30,658)	14.23
Unvested as of December 31, 2022	219,306	$	14.15