Long-Term Incentive Plan Units (Tables)

9 Months Ended

Sep. 30, 2019

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

Unvested LTIP Units

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

Grant Recipient	Number of OP LTIP Units Granted	Grant Date	Vesting Date(1)
Directors:
	14,552	September 11, 2019	September 10, 2020
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 September 30, 2019	37,821

(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 nine-month periods ended September 30, 2019:

	Three-Month Period Ended September 30, 2019					Nine-Month Period Ended September 30, 2019
	Manager	Director/ Employee		Total		Manager	Director/ Employee		Total
OP LTIP Units Outstanding (6/30/2019 and 1/1/19, respectively)	375,000	146,371		521,371		375,000	146,371		521,371
Granted	—	14,552		14,552		—	14,552		14,552
Exercised	—	(3,610	)	(3,610	)	—	(3,610	)	(3,610	)
OP LTIP Units Outstanding (9/30/19)	375,000	157,313		532,313		375,000	157,313		532,313
OP LTIP Units Unvested and Outstanding (9/30/19)	—	37,821		37,821		—	37,821		37,821
OP LTIP Units Vested and Outstanding (9/30/19)	375,000	119,492		494,492		375,000	119,492		494,492

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

	Three-Month Period Ended September 30, 2018					Nine-Month Period Ended September 30, 2018
	Manager	Director/ Employee		Total		Manager	Director/ Employee		Total
LTIP Units Outstanding (6/30/2018 and 12/31/2017, respectively)	375,000	117,882		492,882		375,000	116,159		491,159
Granted	—	14,440		14,440		—	16,163		16,163
Exercised	—	(3,334	)	(3,334	)	—	(3,334	)	(3,334	)
LTIP Units Outstanding (9/30/2018)	375,000	128,988		503,988		375,000	128,988		503,988
LTIP Units Vested and Outstanding (9/30/2018)	375,000	92,823		467,823		375,000	92,823		467,823