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Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Schedule of Dividends Payable | Distributions—Distributions paid to stockholders and OP unit holders of record subsequent to September 30, 2022 were as follows (dollars in thousands, excluding per share amounts):
Month | Date of Record | Date Distribution Paid | Monthly Distribution Rate |  | Cash Distribution
September | 9/16/2022 | 10/3/2022 | $ | 0.0933 |  |  | $ | 12,202 |
October | 10/17/2022 | 11/1/2022 | 0.0933 |  |  | 12,202 |
Schedule of OP Unit Activity | The table below is a summary of our OP unit activity for the three and nine months ended September 30, 2022 and 2021 (dollars and shares in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
OP units converted into shares of common stock(1) | 528 |  |  | — |  |  | 1,133 |  |  | 28 |
Distributions paid on OP units(2) | $ | 3,932 |  |  | $ | 3,536 |  |  | $ | 12,149 |  |  | $ | 10,315 |
(1)Prior to the Recapitalization, OP units were converted to shares of common stock at a 1:1 ratio. From the Recapitalization through January 18, 2022, OP units were converted into shares of our Class B common stock at a 1:1 ratio. On January 18, 2022, each share of our Class B common stock automatically converted into one share of our listed common stock, and going forward, OP units will be converted into shares of our common stock at a 1:1 ratio. (2)Distributions paid on OP units are included in Distributions to Noncontrolling Interests on the consolidated statements of equity and cash flows.

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- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4304-108586 + Details
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