Schedule of Compensation Expense |
We recorded compensation expense for Performance LTIP units and LTIP units as presented in the table below (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Type | | Line Item | | 2019 | | 2018 | | 2019 | | 2018 | Performance LTIP units | | Advisory services fee | | $ | 907 |
| | $ | 3,805 |
| | $ | 1,759 |
| | $ | 4,213 |
| LTIP units | | Advisory services fee | | 766 |
| | 935 |
| | 1,716 |
| | 1,643 |
| LTIP units - independent directors | | Corporate, general and administrative | | 446 |
| | 536 |
| | 446 |
| | 536 |
| | | | | $ | 2,119 |
| | $ | 5,276 |
| | $ | 3,921 |
| | $ | 6,392 |
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The following table summarizes the stock-based compensation expense (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Line Item | 2019 | | 2018 | | 2019 | | 2018 | Advisory services fee | $ | 1,556 |
| | $ | 1,451 |
| | $ | 3,094 |
| | $ | 3,748 |
| Management fees | 197 |
| | 326 |
| | 399 |
| | 583 |
| Corporate, general and administrative - Premier | 86 |
| | — |
| | 185 |
| | — |
| Corporate, general and administrative - independent directors | 90 |
| | — |
| | 90 |
| | — |
| | $ | 1,929 |
| | $ | 1,777 |
| | $ | 3,768 |
| | $ | 4,331 |
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The following table summarizes the compensation expense (in thousands): | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Line Item | | 2019 | | 2018 | | 2019 | | 2018 | Advisory services fee | | $ | 1,320 |
| | $ | 2,748 |
| | $ | 2,269 |
| | $ | 6,080 |
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Schedule of Equity Activity |
On December 11, 2017, the Company established an “at-the-market” equity offering program pursuant to which it may, from time to time, sell shares of its common stock having an aggregate offering price of up to $100 million. During the three and six months ended June 30, 2019 and 2018, no shares of its common stock were issued under this program. The table below summarizes the program as of June 30, 2019 (in thousands): | | | | | | June 30, 2019 | Shares issued to date | 2,433,810 |
| Gross proceeds of shares issued | $ | 15,522 |
| Remaining issuances available under the program | $ | 84,478 |
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