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Subsequent Events | 3 Months Ended
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Mar. 31, 2022
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Distributions On April 12, 2022, our Board of Directors declared the following monthly distributions for the months of April, May and June of 2022:
Record Date |  | Payment Date |  | Common Stock and Non-controlling OP Unit Distributions per Share |  | Series E Preferred Distributions per Share |  | Series G Preferred Distributions per Share
April 22, 2022 |  | April 29, 2022 |  | $ | 0.12540 |  |  | $ | 0.138021 |  |  | $ | 0.125 |
May 20, 2022 |  | May 31, 2022 |  | 0.12540 |  |  | 0.138021 |  |  | 0.125 |
June 22, 2022 |  | June 30, 2022 |  | 0.12540 |  |  | 0.138021 |  |  | 0.125 |
|  |  |  | $ | 0.37620 |  |  | $ | 0.414063 |  |  | $ | 0.375 |
Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: |  | Payment Date |  | Distribution per Share
April |  | May 6, 2022 |  | $ | 0.0875 |
May |  | June 6, 2022 |  | 0.0875 |
June |  | July 6, 2022 |  | 0.0875 |
|  |  |  | $ | 0.2625 |
Series F Preferred Stock Distributions
Record Date |  | Payment Date |  | Distribution per Share
April 28, 2022 |  | May 6, 2022 |  | $ | 0.125 |
May 27, 2022 |  | June 6, 2022 |  | 0.125 |
June 29, 2022 |  | July 6, 2022 |  | 0.125 |
|  |  |  | $ | 0.375 |
Equity Activity Subsequent to March 31, 2022 and through May 4, 2022, we raised $2.0 million in net proceeds from the sale of 91,227 shares of common stock under our Common Stock ATM Program and $0.4 million in net proceeds from the sale of 18,431 shares of Series F Preferred Stock. Acquisition Activity On May 4, 2022, we purchased a 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama, for $19.3 million. These properties are fully leased to one tenant on a triple net basis with a remaining lease term of 11.4 years. Financing Activity On April 27, 2022, we refinanced $14.8 million of fixed rate debt coming due on May 1, 2022 with a new $15.0 million note, collateralized by two properties, at a variable interest rate of Secured Overnight Financing Rate plus 2.50%, subject to a 3.25% minimum, and a two year term. On May 4, 2022, we issued $10.0 million of fixed rate debt in connection with the two property portfolio acquired on the same date, with a term of 5.0 years and interest rate of 4.0%.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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