Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements

Compensation cost relating to stock-based compensation for the years ended December 31, 2021, 2020, and 2019 was recorded as follows (in thousands):

	Years Ended December 31,
	2021		2020		2019
General and administrative expense	$	1,505	$	1,615	$	1,211
General contracting and real estate services expenses	738		763		402
Capitalized in conjunction with development projects	329		483		746
Total stock-based compensation cost	$	2,572	$	2,861	$	2,359

Summary of the changes in the company's nonvested restricted stock awards

The following table summarizes the changes in the Company’s unvested restricted stock awards during the year ended December 31, 2021:

	Restricted Stock Awards	Weighted Average Grant Date Fair Value Per Share
Unvested as of January 1, 2021	167,578	$	15.31
Granted	166,768	12.88
Vested	(180,327)	13.98
Forfeited	(2,207)	13.88
Unvested as of December 31, 2021	151,812	$	14.24