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Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Equity Activity
The table below summarizes the activity (in thousands):
Year Ended December 31,
2023
Common stock issued723 
Gross proceeds
$1,477 
Commissions and other expenses15 
Net proceeds$1,462 
Summary of Issuance Activity
The issuance activity is summarized below (in thousands):
Year Ended December 31,
2021
Shares sold to M3A900 
Gross proceeds received$12,941 
Schedule of Shares Issued and Tendered
The table below summarizes the activity (in thousands):
Year Ended December 31, 2023
Year Ended December 31, 2021
Preferred Shares Tendered
Common Shares Issued
Preferred Shares TenderedCommon Shares Initially Issued
Common Shares Issued (1)
8.45% Series D Cumulative Preferred Stock
14 89 617 4,174 653 
7.375% Series F Cumulative Preferred Stock
76 527 1,640 11,185 1,482 
7.375% Series G Cumulative Preferred Stock
— — 2,891 21,371 2,764 
7.50% Series H Cumulative Preferred Stock
138 882 1,361 10,033 1,217 
7.50% Series I Cumulative Preferred Stock
92 612 2,138 14,735 1,660 
320 2,110 8,647 61,498 7,776 
____________________________________
(1)    Reflects the number of shares issued after the adjustment for the reverse stock split.
Dividends Declared A summary of dividends declared is as follows (in thousands):
Year Ended December 31,
202320222021
Common stock$— $— $— 
Preferred stock:
Series D Cumulative Preferred Stock2,472 2,481 4,342 
(2)
Series F Cumulative Preferred Stock2,272 2,307 4,036 
(2)
Series G Cumulative Preferred Stock2,824 2,824 4,943 
(2)
Series H Cumulative Preferred Stock2,389 2,453 4,293 
(2)
Series I Cumulative Preferred Stock2,306 2,349 4,111 
(2)
Total dividends declared (1)
$12,263 $12,414 $21,725 
____________________________________
(1)    In the year ended December 31, 2021, we recorded $252,000 of preferred dividend expense after the impact of preferred stock exchanges. All unpaid dividends in arrears as of December 31, 2020 of $21.5 million were declared and paid in 2021.
(2)    In the year ended December 31, 2021, the Company declared and paid dividends for each series of preferred stock for unpaid dividends from the second quarter 2020 through the third quarter of 2021. Additionally. the Company declared dividends for the fourth quarter of 2021 that were paid in January 2022.
Schedule of Noncontrolling Interests in Consolidated Entities
The table below summarizes (income) loss allocated to noncontrolling interests in consolidating entities (in thousands):
Year Ended December 31,
Line Item202320222021
(Income) loss allocated to noncontrolling interests in consolidated entities.$6 $— $73