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Stockholder Equity and Noncontrolling Interest (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure
The following table summarizes our sales transactions under the ATM Program as of December 31, 2022.
Forward Sale Transaction DateNumber of Shares SoldExpiration Date of Forward ContractNumber of Shares SettledSettlement DateSettlement Price, Net of Commissions Proceeds, Net of Commissions
November 1, 2021676,500 12/15/22676,500 9/28/22$23.32 $15,775 
November 1, 2021323,500 12/15/22323,500 9/28/2224.17 7,818 
March 7, 20221,000,000 3/31/231,000,000 9/28/2226.34 26,342 
2,000,000 2,000,000 $49,935 
Schedule of Dividends Declared
Our board of directors declared the following dividends in 2022:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2022March 14, 2022April 1, 2022April 22, 2022$0.12 
Second quarter 2022May 18, 2022July 1, 2022July 22, 2022$0.14 
Third quarter 2022September 12, 2022September 30, 2022October 21, 2022$0.14 
Fourth quarter 2022December 12, 2022December 30, 2022January 20, 2023$0.14 
Our board of directors declared the following dividends in 2021:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2021March 15, 2021April 2, 2021April 23, 2021$0.12 
Second quarter 2021June 14, 2021July 2, 2021July 23, 2021$0.12 
Third quarter 2021September 13, 2021October 1, 2021October 22, 2021$0.12 
Fourth quarter 2021December 2, 2021December 15, 2021January 14, 2022$0.10 
Fourth quarter 2021December 2, 2021December 30, 2021January 21, 2022$0.02 
Noncontrolling Interest
During 2022, holders of IROP units exchanged 890,669 units for 890,669 shares of our common stock. As of December 31, 2022, 6,091,171 IROP units held by unaffiliated third parties were outstanding.
During 2021, we issued 6,429,481 IROP units in connection with the STAR Merger. Also during 2021, holders of IROP units exchanged 122,154 units for 122,154 shares of our common stock. As of December 31, 2021, 6,981,841 IROP units held by unaffiliated third parties were outstanding.
Our board of directors declared the following distributions on our operating partnership’s LP units during 2022:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Unit
First quarter 2022March 14, 2022April 1, 2022April 22, 2022$0.12 
Second quarter 2022May 18, 2022July 1, 2022July 22, 2022$0.14 
Third quarter 2022September 12, 2022September 30, 2022October 21, 2022$0.14 
Fourth quarter 2022December 12, 2022December 30, 2022January 20, 2023$0.14 
Our board of directors declared the following distributions on our operating partnership’s LP units during 2021:
QuarterDeclaration DateRecord DatePayment DateDividend Declared
Per Share
First quarter 2021March 15, 2021April 2, 2021April 23, 2021$0.12 
Second quarter 2021June 14, 2021July 2, 2021July 23, 2021$0.12 
Third quarter 2021September 13, 2021October 1, 2021October 22, 2021$0.12 
Fourth quarter 2021December 2, 2021December 15, 2021January 14, 2022$0.10 
Fourth quarter 2021December 2, 2021December 30, 2021January 21, 2022$0.02