Schedule of Partners' Equity of the Operating Partnership |
The following table sets forth the changes in outstanding partnership units for the years ended December 31, 2023, 2022 and 2021:
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Limited Partnership Units |
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General partnership units |
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Class A |
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Class B |
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Total |
Balance December 31, 2020 |
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1,000,000 |
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4,794,643 |
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92,569,801 |
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97,364,444 |
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Units withheld for employee income taxes |
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— |
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— |
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(139,293) |
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(139,293) |
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Exchange of Class A limited partnership units |
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— |
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(33,084) |
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33,084 |
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— |
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Grant of restricted common share awards by the Company, net of forfeitures |
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— |
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— |
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569,779 |
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569,779 |
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Issuance of units |
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100,000 |
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— |
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9,909,263 |
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9,909,263 |
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Options exercised |
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— |
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— |
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42,100 |
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42,100 |
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Balance December 31, 2021 |
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1,100,000 |
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4,761,559 |
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102,984,734 |
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107,746,293 |
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Units withheld for employee income taxes |
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— |
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— |
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(239,824) |
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(239,824) |
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Exchange of Class A limited partnership units |
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— |
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(23,577) |
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23,577 |
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— |
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Grant of restricted common share awards by the Company, net of forfeitures |
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— |
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— |
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613,933 |
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613,933 |
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Options exercised |
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— |
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— |
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15,500 |
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15,500 |
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Balance December 31, 2022 |
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1,100,000 |
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4,737,982 |
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103,397,920 |
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108,135,902 |
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Units withheld for employee income taxes |
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— |
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— |
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(379,512) |
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(379,512) |
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Exchange of Class A limited partnership units |
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— |
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(30,024) |
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30,024 |
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— |
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Grant of restricted common share awards by the Company, net of forfeitures |
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— |
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— |
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1,064,400 |
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1,064,400 |
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Issuance of units |
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50,000 |
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— |
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3,444,919 |
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3,444,919 |
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Options exercised |
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— |
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— |
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85,500 |
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85,500 |
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Balance December 31, 2023 |
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1,150,000 |
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4,707,958 |
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107,643,251 |
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112,351,209 |
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