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Share Incentive and Other Compensation (Tables)
6 Months Ended
Jun. 30, 2025
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 as of 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 as of December 31, 2024

 

 

106,181

 

 

 

14.41

 

 

 

2,054,067

 

 

 

15.17

 

Granted

 

 

41,332

 

 

 

22.38

 

 

 

644,258

 

 

 

22.10

 

Vested

 

 

(43,309

)

 

 

17.00

 

 

 

(632,816

)

 

 

15.68

 

Forfeited

 

 

 

 

 

 

 

 

(3,127

)

 

 

15.07

 

Unvested as of June 30, 2025

 

 

104,204

 

 

$

16.22

 

 

 

2,062,382

 

 

$

17.18