Long-Term Incentive Plan Units (Tables)

6 Months Ended

Jun. 30, 2019

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

The below table details unvested OP LTIP Units as of June 30, 2019:



Grant Recipient	Number of OP LTIP Units Granted	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
	5,886	December 12, 2017	December 12, 2019
Total unvested OP LTIP Units at June 30, 2019	37,709


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

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 OP LTIP Units for the three- and six-month periods ended June 30, 2019:



	Three-Month Period Ended June 30, 2019			Six-Month Period Ended June 30, 2019
	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total
OP LTIP Units Outstanding (3/31/2019 and 1/1/19, respectively)	375,000	146,371	521,371	375,000	146,371	521,371
Granted	—	—	—	—	—	—
Exercised	—	—	—	—	—	—
OP LTIP Units Outstanding (6/30/19)	375,000	146,371	521,371	375,000	146,371	521,371
OP LTIP Units Unvested and Outstanding (6/30/19)	—	37,709	37,709	—	37,709	37,709
OP LTIP Units Vested and Outstanding (6/30/19)	375,000	108,662	483,662	375,000	108,662	483,662

The following table summarizes issuance and exercise activity of LTIP Units and OP LTIP Units for the three- and six-month periods ended June 30, 2018:



	Three-Month Period Ended June 30, 2018			Six-Month Period Ended June 30, 2018
	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total
LTIP Units and OP LTIP Units Outstanding (3/31/2018 and 12/31/2017, respectively)	375,000	117,882	492,882	375,000	116,159	491,159
Granted	—	—	—	—	1,723	1,723
Exercised	—	—	—	—	—	—
LTIP Units and OP LTIP Units Outstanding (3/31/2018)	375,000	117,882	492,882	375,000	117,882	492,882
LTIP Units and OP LTIP Units Vested and Outstanding (6/30/2018)	375,000	86,155	461,155	375,000	86,155	461,155