Long-Term Incentive Plan Units (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Unvested LTIP Units

The below table details unvested OP LTIP Units as of December 31, 2023:

Grant Recipient	Number of OP LTIP Units Granted	Grant Date	Vesting Date(1)
Directors:
	30,628	December 14, 2023	December 13, 2024
Dedicated or partially dedicated personnel:
	14,708	December 15, 2022	December 15, 2024
	22,135	December 14, 2023	December 14, 2024
	17,538	December 14, 2023	December 14, 2025
Total unvested OP LTIP Units at December 31, 2023	85,009

(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 years ended December 31, 2023, 2022, and 2021:

	Year Ended December 31,
	2023			2022			2021
	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total	Manager	Director/ Employee	Total
OP LTIP Units Outstanding (December 31, 2022, 2021, and 2020, respectively)	365,518	404,055	769,573	365,518	310,295	675,813	365,518	247,020	612,538
Granted	—	70,301	70,301	—	97,826	97,826	—	68,985	68,985
Exercised	—	(90,919)	(90,919)	—	(4,066)	(4,066)	—	(5,710)	(5,710)
OP LTIP Units Outstanding (December 31, 2023, 2022, and 2021, respectively)	365,518	383,437	748,955	365,518	404,055	769,573	365,518	310,295	675,813
OP LTIP Units Unvested and Outstanding (December 31, 2023, 2022, and 2021, respectively)	—	85,009	85,009	—	113,615	113,615	—	79,886	79,886
OP LTIP Units Vested and Outstanding (December 31, 2023, 2022, and 2021, respectively)	365,518	298,428	663,946	365,518	290,440	655,958	365,518	230,409	595,927