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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Distributions Made to Common Stockholders on a Per Share Basis | The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2024, 2023 and 2022:
|  | 2024(1) |  | 2023(2) |  | 2022(3)
Ordinary income |  | $ | — |  |  | — | % |  | $ | 0.36 |  |  | 53.0 | % |  | $ | 0.49 |  |  | 79.2 | %
Capital gains |  | 0.36 |  |  | 52.9 | % |  | 0.32 |  |  | 47.0 | % |  | 0.06 |  |  | 9.9 | %
Return of capital |  | 0.32 |  |  | 47.1 | % |  | — |  |  | — | % |  | 0.07 |  |  | 10.9 | %
Dividends paid |  | $ | 0.68 |  |  | 100.0 | % |  | $ | 0.68 |  |  | 100.0 | % |  | $ | 0.62 |  |  | 100.0 | %
_______________________________________________________________________________ (1)The 2024 capital gains are treated as "unrecaptured Section 1250 gains." (2)The 2023 ordinary income is treated as "qualified REIT dividends" for purposes of Section 199A of the Code and the 2023 capital gains are treated as "unrecaptured Section 1250 gains." (3)54.5% of the 2022 ordinary income is treated as "qualified REIT dividends" for purposes of Section 199A of the Code and 45.5% of the 2022 ordinary income is treated as "qualified dividend income" for purposes of Section 1(h)(11) of the Code.
Schedule of Income Tax Provision of TRSs | The income tax provision of the TRSs for the years ended December 31, 2024, 2023 and 2022 are as follows:
| 2024 |  | 2023 |  | 2022
Current | $ | — |  |  | $ | — |  |  | $ | — |
Deferred | 1,300 |  |  | 494 |  |  | (705) |
Income tax benefit (expense) | $ | 1,300 |  |  | $ | 494 |  |  | $ | (705) |
Schedule of Reconciliation of Income Tax Provision of the TRSs to the Amount Computed by Applying the Federal Corporate Tax Rate | The income tax provision of the TRSs for the years ended December 31, 2024, 2023 and 2022 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
| 2024 |  | 2023 |  | 2022
Book loss for TRSs | $ | 9,893 |  |  | $ | 7,671 |  |  | $ | 2,718 |
Tax at statutory rate on earnings from continuing operations before income taxes | $ | 2,078 |  |  | $ | 1,611 |  |  | $ | 571 |
State taxes | 266 |  |  | 220 |  |  | (116) |
Other | (1,044) |  |  | (1,337) |  |  | (1,160) |
Income tax benefit (expense) | $ | 1,300 |  |  | $ | 494 |  |  | $ | (705) |
Schedule of Tax Effects of Temporary Differences and Carryforwards of the TRSs Included in Net Deferred Tax Assets | The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2024 and 2023 are summarized as follows:
| 2024 |  | 2023
Net operating loss carryforwards | $ | 12,533 |  |  | $ | 12,740 |
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs | 11,992 |  |  | 10,396 |
Other | 799 |  |  | 888 |
Net deferred tax assets | $ | 25,324 |  |  | $ | 24,024 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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