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Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
Summary of Common Shares Outstanding
The following table summarizes issuance, repurchase, and other activity with respect to the Company's common stock for the year ended December 31, 2019:
 
 
Year Ended
December 31, 2019
Shares of Common Stock Outstanding (January 1, 2019)
 
29,796,601

Share Activity:
 
 
Shares of common stock issued
 
8,855,000

Shares of common stock repurchased
 
(50,825
)
OP LTIP Units exercised
 
13,092

OP Units exercised
 
34,075

Shares of Common Stock Outstanding (December 31, 2019)
 
38,647,943


The following table summarizes issuance, repurchase, and other activity with respect to the Company's common shares for the year ended December 31, 2018:
 
 
Year Ended
December 31, 2018
Common Shares Outstanding (December 31, 2017)
 
31,335,938

Share Activity:
 
 
Shares repurchased
 
(1,547,148
)
Director LTIP Units exercised
 
3,334

Shares issued in connection with incentive fee payment
 
4,477

Common Shares Outstanding (December 31, 2018)
 
29,796,601