Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of share-based compensation expense

	Three Months Ended September 30,					Nine Months Ended September 30,
	2022		2021		X	2022		2021
	(In thousands)
Time-Based LTIP Units	$	3,496	$	3,999		$	15,824	$	12,494
AO LTIP Units and Performance-Based LTIP Units		2,167		3,216			9,914		9,615
LTIP Units		—		—			1,000		1,091
Other equity awards (1)		1,413		1,473			4,239		4,395
Share-based compensation expense - other		7,076		8,688			30,977		27,595
Formation Awards		281		476			1,424		1,923
OP Units and LTIP Units (2)		(423)		1,676			408		6,725
Special Time-Based LTIP Units and Special Performance-Based LTIP Units (3)		690		1,328			2,537		4,218
Share-based compensation related to Formation Transaction and special equity awards (4)		548		3,480			4,369		12,866
Total share-based compensation expense		7,624		12,168			35,346		40,461
Less: amount capitalized		(675)		(740)			(3,022)		(2,141)
Share-based compensation expense	$	6,949	$	11,428		$	32,324	$	38,320

(1) Primarily comprising compensation expense for: (i) fully vested LTIP Units issued to certain employees in lieu of all or a portion of any cash bonuses earned, (ii) restricted share units ("RSUs") and (iii) shares issued under our ESPP.

(2) Includes share-based compensation expense for LTIP Units and OP Units issued in the Formation Transaction, which fully vested in July 2022.

(3) Represents equity awards issued related to our successful pursuit of Amazon's additional headquarters in National Landing.

(4) Included in "General and administrative expense: Share-based compensation related to Formation Transaction and special equity awards" in the accompanying statements of operations.

LTIP and Time-Based LTIP Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of of the significant assumptions of awards

Expected volatility	30.0% to 41.0%
Risk-free interest rate	0.4% to 2.9%
Post-grant restriction periods	2 to 6 years

ESPP

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of of the significant assumptions of awards

Expected volatility	23.0%
Dividend yield	1.6%
Risk-free interest rate	0.2%
Expected life	6 months

AO LTIP Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of of the significant assumptions of awards

Expected volatility	27.0%
Dividend yield	2.7%
Risk-free interest rate	1.6%