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Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of Unvested Restricted Stock Activity The following table sets forth our share-based award activity for the nine months ended September 30, 2020: 
Unvested Awards
 Restricted
Common Stock
LTIP UnitsPerformance Units
Balance at January 1, 2020212,545 298,412 687,761 
Granted124,441 36,292 — 
Forfeited(13,846)— — 
Vested(1)
(86,401)(41,953)— 
Balance at September 30, 2020236,739 292,751 687,761 
(1)During the nine months ended September 30, 2020, 26,961 shares of the Company’s common stock were tendered in accordance with the terms of the Plan to satisfy minimum statutory tax withholding requirements associated with the vesting of restricted shares of common stock.
Vesting Schedule of the Unvested Shares of Restricted Stock Outstanding The following table sets forth the vesting schedule of all unvested share-based awards outstanding as of September 30, 2020:  
Unvested Awards
 Restricted
Common Stock
LTIP Units
Performance Units(1)
October 1, 2020 - December 31, 20201,527 154,422 188,250 
202196,773 90,031 204,517 
202265,965 45,740 294,994 
202347,214 2,558 — 
202425,260 — — 
Total 236,739 292,751 687,761 
(1)Represents the maximum number of Performance Units that would become earned and vested on December 14, 2020, in the event that the specified maximum total shareholder return (“TSR”) hurdles are achieved over the three-year performance period from December 15, 2017 through December 14, 2020, and the maximum number of Performance Units that would become earned and vested on December 31, 2021 and December 31, 2022, in the event that the specified maximum TSR and FFO per share growth hurdles are achieved over the three-year performance period from January 1, 2019 through December 31, 2021 and the three-year performance period from January 1, 2020 through December 31, 2022.
Share-based Payment Arrangement, Expensed and Capitalized, Amount The following table sets forth the amounts expensed and capitalized for all share-based awards for the reported periods presented below (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Expensed share-based compensation(1)
$3,102 $2,668 $10,381 $7,956 
Capitalized share-based compensation(2)
52 48 165 124 
Total share-based compensation$3,154 $2,716 $10,546 $8,080 
(1)Amounts expensed are included in “General and administrative” and “Property expenses” in the accompanying consolidated statements of operations.
(2)For the three and nine months ended September 30, 2020 and 2019, amounts capitalized relate to employees who provide construction services, and are included in “Building and improvements” in the consolidated balance sheets.
Summary of the Components of Changes in Accumulated Other Comprehensive Loss The following table summarizes the changes in our AOCI balance for the nine months ended September 30, 2020 and 2019, which consists solely of adjustments related to our cash flow hedges (in thousands):
Nine Months Ended September 30,
20202019
Accumulated other comprehensive (loss) income - beginning balance$(7,542)$6,262 
Other comprehensive loss before reclassifications(17,364)(14,678)
Amounts reclassified from accumulated other comprehensive loss (income) to interest expense4,217 (2,094)
Net current period other comprehensive loss(13,147)(16,772)
Less other comprehensive loss attributable to noncontrolling interests458 378 
Other comprehensive loss attributable to common stockholders(12,689)(16,394)
Accumulated other comprehensive loss - ending balance$(20,231)$(10,132)