Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

The following tables set forth certain share-based compensation information for 2018, 2017, and 2016, respectively:

	Years ended December 31,
	2018				2017			2016
Expense relating to share/unit grants	$	4,217,000			$	3,820,000		$	3,141,000		(a)
Amounts capitalized		(454,000	)			(268,000	)		(211,000	)
Total charged to operations	$	3,763,000			$	3,552,000		$	2,930,000

					Weighted average
	Shares				grant date value
Unvested shares/units, December 31, 2017		3,791,000			$	5.27
Restricted share/unit grants		3,111,000		(b)	$	3.89
Vested during period		(1,729,000	)		$	5.24
Forfeitures/cancellations		(1,263,000	)		$	4.41
Unvested shares/units, December 31, 2018		3,910,000			$	4.46

(a)

Net of an expense reduction of $267,000 relating to a forfeiture of restricted shares in connection with an employment termination.

(b)

Includes 250,000 shares which were granted to the Company’s President and Chief Executive Officer (“CEO”) on January 1, 2019 (see below).