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Equity-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Activity for Share-based Compensation
The following table details the activity of the Deferred Stock Units during the year ended December 31, 2019.
 
 
Deferred Stock Units
 
Weighted-Average Grant Date Fair Value
Unvested units, December 31, 2018
 
—

 
$
—

Granted
 
151,953

 
8.55

Vested
 
(151,953
)
 
8.55

Unvested units, December 31, 2019
 
—

 
$
—


The following table details the activity of the Stock Options during the year ended December 31, 2019.
 
 
Stock Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Outstanding, December 31, 2018
 
2,763,165

 
$
6.84

 
9.14

 
$
856,581

Granted
 
2,797,302

 
8.26

 
—

 
—

Exercised
 
(42,765
)
 
6.84

 
—

 
(77,345
)
Forfeited
 
(155,672
)
 
7.21

 
—

 
—

Outstanding, December 31, 2019
 
5,362,030

 
$
7.57

 
8.66

 
$
8,954,271


The following table details the activity of the LTI Target Awards during the year ended December 31, 2019.
 
 
LTI Target Awards
 
Weighted-Average Grant Date Fair Value
Unvested units, December 31, 2018
 
1,616,963

 
$
7.57

Granted
 
734,057

 
8.11

Vested
 
(581,122
)
 
8.95

Forfeited
 
(155,802
)
 
8.84

Unvested units, December 31, 2019
 
1,614,096

 
$
7.20


The following table details the activity of the Time-Based Restricted Stock Units during the year ended December 31, 2019.
 
 
Time-Based Restricted Stock Units
 
Weighted-Average Grant Date Fair Value
Unvested units, December 31, 2018
 
1,291,015

 
$
7.51

Granted
 
609,071

 
8.16

Vested
 
(621,854
)
 
7.71

Forfeited
 
(26,631
)
 
7.43

Unvested units, December 31, 2019
 
1,251,601

 
$
7.73


The following table details the activity of the Restricted Shares during the year ended December 31, 2019:
 
 
Restricted Shares
 
Weighted-Average Grant Date Fair Value
Unvested shares, December 31, 2018
 
71,000

 
$
14.04

Vested
 
(71,000
)
 
14.04

Unvested shares, December 31, 2019
 
—

 
$
—
Schedule of Valuation Assumptions
The following inputs and assumptions were used to calculate the weighted-average fair values of the options granted at the date of grant as follows:
 
 
February 20, 2019
 
February 21, 2018
Expected term (in years)
 
6.5

 
6.5

Volatility
 
24.21
%
 
27.39
%
Dividend yield
 
7.09
%
 
7.21
%
Risk-free rate
 
2.52
%
 
2.75
%
Grant date fair value
 
$
0.74

 
$
0.76