Share-Based Payments (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Share-Based Compensation Expense

Share-based compensation expense is summarized as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(In thousands)
Time-Based LTIP Units	$	2,520		$	885		$	7,772		$	885
Performance-Based LTIP Units	1,391			469			3,898			469
LTIP Units	—			—			794			—
Other equity awards	989			232			2,693			1,526
Share-based compensation expense - other	4,900			1,586			15,157			2,880
Formation Awards	1,375			3,963			4,192			3,963
LTIP and OP Units (1)	7,012			10,482			22,720			10,482
Share-based compensation related to Formation    Transaction (2)	8,387			14,445			26,912			14,445
Total share-based compensation expense	13,287			16,031			42,069			17,325
Less amount capitalized	(873		)	(161		)	(2,379		)	(161		)
Share-based compensation expense	$	12,414		$	15,870		$	39,690		$	17,164

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⁽¹⁾  Represents share-based compensation expense for LTIP Units and OP Units subject to post-Combination employment obligations.

⁽²⁾  Included in "General and administrative expense: Share-based compensation related to Formation Transaction" in the accompanying statements of operations.