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Share Incentive and Other Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Restricted Shares and LTIP Units

A summary of the status of the Company’s unvested Restricted Shares and LTIP Units is presented below:

 

Unvested Restricted Shares and LTIP Units

 

Common
Restricted
Shares

 

 

Weighted
Grant-Date
Fair Value

 

 

LTIP Units

 

 

Weighted
Grant-Date
Fair Value

 

Unvested at January 1, 2022

 

 

89,746

 

 

$

16.87

 

 

 

1,415,195

 

 

$

20.85

 

Granted

 

 

45,813

 

 

 

20.98

 

 

 

637,818

 

 

 

21.04

 

Vested

 

 

(40,894

)

 

 

19.75

 

 

 

(309,283

)

 

 

22.86

 

Forfeited

 

 

(1,930

)

 

 

31.82

 

 

 

(278,332

)

 

 

31.16

 

Unvested at December 31, 2022

 

 

92,735

 

 

$

17.31

 

 

 

1,465,398

 

 

$

18.59

 

Granted

 

 

70,629

 

 

 

14.11

 

 

 

780,193

 

 

 

15.00

 

Vested

 

 

(41,268

)

 

 

19.09

 

 

 

(354,343

)

 

 

20.35

 

Forfeited

 

 

(8,187

)

 

 

21.07

 

 

 

(92,589

)

 

 

30.78

 

Unvested at December 31, 2023

 

 

113,909

 

 

 

14.41

 

 

 

1,798,659

 

 

 

16.03

 

Granted

 

 

49,756

 

 

 

17.06

 

 

 

766,508

 

 

 

16.19

 

Vested

 

 

(55,947

)

 

 

17.20

 

 

 

(448,598

)

 

 

18.77

 

Forfeited

 

 

(1,537

)

 

 

17.24

 

 

 

(62,502

)

 

 

26.47

 

Unvested at December 31, 2024

 

 

106,181

 

 

$

14.14

 

 

 

2,054,067

 

 

$

15.17