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Equity and Mezzanine Equity (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Changes in Stockholders' Equity
The following table summarizes the changes in our equity for the three and six months ended June 30, 2024 and 2023 (dollars in thousands):
 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
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$40 $40 $40 $39 
Issuance of common stock, net1 — 1 1 
Repurchase of common stock, net— (1)— (1)
Balance, end of period$41 $39 $41 $39 
Series F Preferred Stock
Balance, beginning of period$1 $1 $1 $1 
Issuance of Series F preferred stock, net— — — — 
Redemption of Series F preferred stock, net— — — — 
Balance, end of period$1 $1 $1 $1 
Additional Paid in Capital
Balance, beginning of period$730,465 $725,874 $730,256 $721,327 
Issuance of common stock and Series F preferred stock, net10,648 1,651 10,845 6,036 
Repurchase of common stock, net— 998 — 998 
Redemption of OP Units3,865 — 3,865 — 
Redemption of Series F preferred stock, net255 131 310 217 
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(3,119)(74)(3,162)(50)
Balance, end of period$742,114 $728,580 $742,114 $728,580 
Accumulated Other Comprehensive Income
Balance, beginning of period$13,281 $6,008 $7,758 $11,640 
Comprehensive income470 8,025 5,888 2,130 
Reclassification into interest expense8 264 113 527 
Balance, end of period$13,759 $14,297 $13,759 $14,297 
Distributions in Excess of Accumulated Earnings
Balance, beginning of period$(596,475)$(541,042)$(584,776)$(529,104)
Distributions declared to common, senior common, and preferred stockholders(15,341)(15,156)(30,560)(30,265)
Redemption of Series F preferred stock, net(4)(6)(7)(11)
Net income (loss) available (attributable) to the Company1,611 (4,515)5,134 (1,339)
Balance, end of period$(610,209)$(560,719)$(610,209)$(560,719)
Total Stockholders' Equity
Balance, beginning of period$147,313 $190,882 $153,280 $203,904 
Issuance of common stock and Series F preferred stock, net10,649 1,651 10,846 6,037 
Repurchase of common stock, net— 997 — 997 
Redemption of OP Units3,865 — 3,865 — 
Redemption of Series F preferred stock, net251 125 303 206 
Retirement of senior common stock, net— — — 52 
Distributions declared to common, senior common, and preferred stockholders(15,341)(15,156)(30,560)(30,265)
Comprehensive income470 8,025 5,888 2,130 
Reclassification into interest expense8 264 113 527 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership(3,119)(74)(3,162)(50)
Net income (loss) available (attributable) to the Company1,611 (4,515)5,134 (1,339)
Balance, end of period$145,707 $182,199 $145,707 $182,199 
Non-Controlling Interest
Balance, beginning of period$938 $1,641 $986 $1,790 
Distributions declared to Non-controlling OP Unit holders(67)(118)(160)(235)
Redemptions of OP Units(3,865)— (3,865)— 
Adjustment to OP Units held by Non-controlling OP Unitholders resulting from changes in ownership of the Operating Partnership3,119 74 3,162 50 
Net loss attributable to OP Units held by Non-controlling OP Unitholders(11)(73)(9)(81)
Balance, end of period$114 $1,524 $114 $1,524 
Total Equity$145,821 $183,723 $145,821 $183,723 
Schedule of Dividends Paid
We paid the following distributions per share for the three and six months ended June 30, 2024 and 2023:

For the three months ended June 30,For the six months ended June 30,
2024202320242023
Common Stock and Non-controlling OP Units$0.30 $0.30 $0.60 $0.60 
Senior Common Stock0.2625 0.2625 0.5250 0.5250 
Series E Preferred Stock0.414063 0.414063 0.828126 0.828126 
Series F Preferred Stock0.375 0.375 0.750 0.750 
Series G Preferred Stock0.375 0.375 0.750 0.750