Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Time-based vesting (Details)

v3.19.1
Stock-Based Compensation Time-based vesting (Details)
shares in Thousands
 12 Months Ended
Dec. 31, 2018
shares
LTIP units outstanding as of December 31, 2018 588
Long Tem Incentives Plan Units [Member] | 2017 Program [Member]  
LTIP units granted 57 [1]
Long Tem Incentives Plan Units [Member] | Equity Incentive Plan 2016 [Member]  
LTIP units outstanding as of December 31, 2017 436
LTIP units granted 57 [2]
LTIP units redeemed in cash or forfeited (35) [3]
LTIP units outstanding as of December 31, 2018 588
Long Tem Incentives Plan Units [Member] | 2018 Time based [Membe]  
LTIP units granted 73 [4]
[1] The 57 LTIP Units represents earned and granted units from the previously disclosed 2017 annual awards (the “Annual Awards”). On March 5, 2018 the Compensation Committee of the Board (the “Compensation Committee”) determined the extent to which the Company achieved the performance goals related to the 2017 Annual Awards and determined the number of LTIP Units that each grantee was entitled to receive. These grants vested 50% on March 5, 2018, the determination date, and 50% vested on December 31, 2018.
[2] The 57 LTIP Units are comprised of the following: on March 5, 2018, the Board approved grants of an aggregate of 36 LTIP Units to employees of the Advisor, which vest 50% on March 5, 2020 and 50% on March 5, 2021; on May 30, 2018 and June 14, 2018 the Board approved grants of an aggregate of 21 LTIP Units to independent directors of the Board, which vest on May 30, 2019 and June 14, 2019.
[3] The 35 LTIP Units is comprised of 34 vested units that the Company elected to redeem in cash for $263 and the remaining unvested unit was forfeited.
[4] The 73 LTIP Units represent grants approved by the Board on March 5, 2018 and are subject to the terms and conditions of the 2018 LTIP Unit Award Agreements between the Company and each grantee. These grants vest in equal one-third increments on each of March 5, 2019, March 5, 2020, and March 5, 2021.