Long-Term Incentive Plan Units (Tables)

12 Months Ended

Dec. 31, 2018

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

Unvested LTIP Units

The below table details unvested OP LTIP Units as of December 31, 2018:

Grant Recipient	Number of OP LTIP Units	Grant Date	Vesting Date(1)
Directors:
	14,440	September 12, 2018	September 11, 2019
Partially dedicated employees:
	8,692	December 11, 2018	December 11, 2019
	8,691	December 11, 2018	December 11, 2020
	1,723	March 7, 2018	March 7, 2019
	5,886	December 12, 2017	December 12, 2019
Total unvested OP LTIP Units at December 31, 2018	39,432

(1) Date at which such OP LTIP Units will vest and become non-forfeitable.

Roll-Forward of Company's LTIP Units Outstanding

The following table summarizes issuance and exercise activity of LTIP Units and OP LTIP Units for the years ended December 31, 2018 and 2017:

	Year Ended December 31, 2018					Year Ended December 31, 2017
	Manager	Director/ Employee		Total		Manager	Director/ Employee		Total
LTIP Units and OP LTIP Units Outstanding (12/31/2017 and 12/31/2016, respectively)	375,000	116,159		491,159		375,000	94,539		469,539
Granted	—	33,546		33,546		—	24,421		24,421
Exercised	—	(3,334	)	(3,334	)	—	(2,801	)	(2,801	)
LTIP Units and OP LTIP Units Outstanding (12/31/2018 and 12/31/2017, respectively)	375,000	146,371		521,371		375,000	116,159		491,159
LTIP Units and OP LTIP Units Vested and Outstanding (12/31/2018 and 12/31/2017, respectively)	375,000	106,939		481,939		375,000	86,155		461,155