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Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Schedule of Stock Redemption Activity | The following table summarizes share redemption activity under the SRP during the years ended December 31, 2023 and 2022:
| Year Ended December 31,
| 2023 |  | 2022
Common shares redeemed | 941 |  |  | 149,730 |
Weighted average price per share | $ | 66.87 |  |  | $ | 66.79 |
(1) Does not include shares withheld (i.e., forfeited) by employees to satisfy minimum statutory tax withholding requirements associated with the vesting of RSUs.
Schedule of Unvested Shares of Restricted Stock Awards Activity | The following table summarizes the activity of unvested shares of RSU awards for the periods presented:
|  | Number of Unvested Shares of RSU Awards |  | Weighted-Average Grant Date Fair Value per Share
Balance at December 31, 2021 |  | 172,602 |  |  |
Granted |  | 123,481 |  |  | $ | 66.87 |
Forfeited |  | (9,404) |  |  | $ | 80.38 |
Vested |  | (125,178) |  |  | $ | 77.68 |
Balance at December 31, 2022 |  | 161,501 |  |  |
Granted |  | 166,321 |  |  | $ | 56.53 |
Forfeited |  | (485) |  |  | $ | 63.70 |
Vested(1) |  | (167,784) |  |  | $ | 69.02 |
Balance at December 31, 2023 |  | 159,553 |  |  |
(1) Total shares vested include 114,420 common shares withheld (i.e., forfeited) by employees during the year ended December 31, 2023 to satisfy minimum statutory tax withholding requirements associated with the vesting of RSUs.
Schedule of Distributions Paid | The following unaudited table summarizes the federal income tax treatment for all distributions and dividends declared for the years ended December 31, 2023, 2022, and 2021 reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Code Section 857(b)(3)(C) and Treasury Regulation §1.857-6(e).
| Year Ended December 31,
| 2023 |  | 2022 | 2021
Ordinary income |  | — | % |  | — | % |  | 9 | %
Capital gain |  | — | % |  | — | % |  | — | %
Return of capital |  | 100 | % |  | 100 | % |  | 91 | %
Total |  | 100 | % |  | 100 | % |  | 100 | %
Dividends declared |  | $ | 1.09 |  |  | $ | 3.15 |  |  | $ | 3.15 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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