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Redeemable Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2023
Temporary Equity [Abstract]  
Summary of the Activity of Temporary Equity
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20232023
Series J Preferred Stock shares issued (1)
1,073 1,487 
Net proceeds$24,132 $33,458 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
June 30, 2023December 31, 2022
Series J Preferred Stock$36,224 $2,004 
Cumulative adjustments to Series J Preferred Stock (1)
$2,108 $926 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20232023
Series J Preferred Stock$618 $751 
The redemption activities of Series J Preferred stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20232023
Series J Preferred Stock shares redeemed2 2 
Redemption amount, net of redemption fees$53 $53 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20232023
Series K Preferred Stock shares issued (1)
38 70 
Net proceeds$909 $1,696 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
June 30, 2023December 31, 2022
Series K Preferred Stock$1,766 $44 
Cumulative adjustments to Series K Preferred Stock (1)
$71 $20 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20232023
Series K Preferred Stock$30 $37