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Equity and Mezzanine Equity (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three and nine months ended September 30, 2023 and 2022 (in thousands):
 
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Senior Common Stock
Balance, beginning of period$1 $1 $1 $1 
Issuance of senior common stock, net— — — — 
Balance, end of period$1 $1 $1 $1 
Common Stock
Balance, beginning of period$39 $39 $39 $37 
Issuance of common stock, net— — 1 2 
Repurchase of common stock, net— — (1)— 
Balance, end of period$39 $39 $39 $39 
Series F Preferred Stock
Balance, beginning of period$1 $1 $1 $— 
Issuance of Series F preferred stock, net— — — 1 
Balance, end of period$1 $1 $1 $1 
Additional Paid in Capital
Balance, beginning of period$728,580 $705,629 $721,327 $671,134 
Issuance of common stock and Series F preferred stock, net690 9,856 6,725 44,513 
Repurchase of common stock, net— — 998 — 
Redemption of Series F preferred stock, net183 — 401 55 
Retirement of senior common stock, net — — 52 — 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership(53)1,613 (103)1,396 
Balance, end of period$729,400 $717,098 $729,400 $717,098 
Accumulated Other Comprehensive Income
Balance, beginning of period$14,297 $5,524 $11,640 $(1,346)
Comprehensive income5,089 6,790 7,218 13,660 
Reclassification into interest expense409 52 937 52 
Balance, end of period$19,795 $12,366 $19,795 $12,366 
Distributions in Excess of Accumulated Earnings
Balance, beginning of period$(560,719)$(498,856)$(529,104)$(468,908)
Distributions declared to common, senior common, and preferred stockholders(15,182)(17,984)(45,445)(53,000)
Redemption of Series F preferred stock, net(1)— (12)(5)
Net income attributable to the Company1,789 2,791 448 7,864 
Balance, end of period$(574,113)$(514,050)$(574,113)$(514,050)
Total Stockholders' Equity
Balance, beginning of period$182,199 $212,338 $203,904 $200,918 
Issuance of common stock and Series F preferred stock, net690 9,856 6,726 44,516 
Repurchase of common stock, net— — 997 — 
Redemption of Series F preferred stock, net182 — 389 50 
Retirement of senior common stock, net— — 52 — 
Distributions declared to common, senior common, and preferred stockholders(15,182)(17,984)(45,445)(53,000)
Comprehensive income5,089 6,790 7,218 13,660 
Reclassification into interest expense409 52 937 52 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership(53)1,613 (103)1,396 
Net income attributable to the Company1,789 2,791 448 7,864 
Balance, end of period$175,123 $215,455 $175,123 $215,455 
Non-Controlling Interest
Balance, beginning of period$1,524 $1,275 $1,790 $1,259 
Distributions declared to Non-controlling OP Unit holders(117)(114)(352)(307)
Issuance of Non-controlling OP Units as consideration in real estate acquisitions, net— 2,394 — 2,394 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership53 (1,613)103 (1,396)
Net income (loss) available (attributable) to OP units held by Non-controlling OP Unitholders3 (4)(78)(12)
Balance, end of period$1,463 $1,938 $1,463 $1,938 
Total Equity$176,586 $217,393 $176,586 $217,393 
Schedule of Dividends Paid
We paid the following distributions per share for the three and nine months ended September 30, 2023 and 2022:

For the three months ended September 30,For the nine months ended September 30,
2023202220232022
Common Stock and Non-controlling OP Units$0.30000 $0.37620 $0.90000 $1.12860 
Senior Common Stock0.2625 0.2625 0.7875 0.7875 
Series E Preferred Stock0.414063 0.414063 1.242189 1.242189 
Series F Preferred Stock0.375 0.375 1.125 1.125 
Series G Preferred Stock0.375 0.375 1.125 1.125