Long-Term Incentive Plan Units (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Unvested LTIP Units

The below table details unvested OP LTIP Units as of September 30, 2023:

Grant Recipient	Number of OP LTIP Units Granted	Grant Date	Vesting Date(1)
Dedicated or partially dedicated personnel:
	15,789	December 16, 2021	December 16, 2023
	40,254	March 7, 2022	December 31, 2023
	18,068	December 15, 2022	December 15, 2023
	14,708	December 15, 2022	December 15, 2024
Total unvested OP LTIP Units at September 30, 2023	88,819

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

Roll-Forward of Company's LTIP Units Outstanding

The following tables summarize issuance and exercise activity of OP LTIP Units for the three- and nine-month periods ended September 30, 2023 and 2022:

	Three-Month Period Ended September 30,
	2023			2022
	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total
OP LTIP Units Outstanding (6/30/2023 and 6/30/2022, respectively)	365,518	404,055	769,573	365,518	350,549	716,067
Granted	—	—	—	—	24,796	24,796
Exercised	—	(6,199)	(6,199)	—	(4,066)	(4,066)
OP LTIP Units Outstanding (9/30/2023 and 9/30/2022, respectively)	365,518	397,856	763,374	365,518	371,279	736,797
OP LTIP Units Unvested and Outstanding (9/30/2023 and 9/30/2022, respectively)	—	88,819	88,819	—	128,672	128,672
OP LTIP Units Vested and Outstanding (9/30/2023 and 9/30/2022, respectively)	365,518	309,037	674,555	365,518	242,607	608,125

	Nine-Month Period Ended September 30,
	2023			2022
	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total
OP LTIP Units Outstanding (12/31/2022 and 12/31/2021, respectively)	365,518	404,055	769,573	365,518	310,295	675,813
Granted	—	—	—	—	65,050	65,050
Exercised	—	(6,199)	(6,199)	—	(4,066)	(4,066)
OP LTIP Units Outstanding (9/30/2023 and 9/30/2022, respectively)	365,518	397,856	763,374	365,518	371,279	736,797
OP LTIP Units Unvested and Outstanding (9/30/2023 and 9/30/2022, respectively)	—	88,819	88,819	—	128,672	128,672
OP LTIP Units Vested and Outstanding (9/30/2023 and 9/30/2022, respectively)	365,518	309,037	674,555	365,518	242,607	608,125