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Redeemable Preferred Stock (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
20232023
Series J Preferred Stock shares issued (1)
1,048 2,535 
Net proceeds$23,583 $57,041 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
September 30, 2023December 31, 2022
Series J Preferred Stock$60,482 $2,004 
Cumulative adjustments to Series J Preferred Stock (1)
$2,821 $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 September 30,Nine Months Ended September 30,
20232023
Series J Preferred Stock$1,130 $1,881 
The redemption activities of Series J Preferred stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20232023
Series J Preferred Stock shares redeemed1 3 
Redemption amount, net of redemption fees$22 $75 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20232023
Series K Preferred Stock shares issued (1)
82 152 
Net proceeds$1,999 $3,695 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
September 30, 2023December 31, 2022
Series K Preferred Stock$3,798 $44 
Cumulative adjustments to Series K Preferred Stock (1)
$118 $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 September 30,Nine Months Ended September 30,
20232023
Series K Preferred Stock$61 $98