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Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Class of Stock [Line Items]  
Schedule of Partners' Capital Units Issued Information regarding OP Units issued to noncontrolling OP Unitholders during the three and nine months ended September 30, 2019, is provided in the following table (dollars in thousands, except per-unit amounts):
Number of OP Units IssuedWeighted Average
Issuance Price per OP Unit
Aggregate Value(1)
288,303$11.41$3,290 
(1)Based on the closing stock price of the Company’s common stock on the date of issuance.
Schedule of OP Units Tendered for Redemption
Information related to OP Units tendered for redemption during the three and nine months ended September 30, 2020 and 2019 is provided in the table below:
PeriodOP Units Tendered for RedemptionShares of Common Stock Issued
2020:
Three months ended September 30, 2020144,151144,151
Nine months ended September 30, 2020288,303288,303
2019:
Three months ended September 30, 2019——
Nine months ended September 30, 2019570,879570,879
Schedule of Stock Redeemed The following table provides information on redemptions of the Series B Preferred Stock that occurred during the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per-share amounts):
PeriodNumber of
Shares Redeemed		Weighted-average
Redemption Price per Share		Cash
Redemption
Paid
2020:
Three months ended September 30, 202016,417$22.68 $372 
Nine months ended September 30, 202029,33523.22 681 
2019:
Three months ended September 30, 20192,120$22.50 $48 
Nine months ended September 30, 20199,52022.50 214 
Monthly Distributions Declared and Paid by Company's Board of Directors
The per-share distributions to preferred and common stockholders declared by our Board of Directors and paid by us (except as noted) during the three and nine months ended September 30, 2020 and 2019 are reflected in the table below.
Three months ended September 30,Nine months ended September 30,
Issuance2020201920202019
Series A Term Preferred Stock(1)
$0.3984375 $0.3984375 $1.1953125 $1.1953125 
Series B Preferred Stock(2)
0.375 0.375 1.125 1.125 
Series C Preferred Stock(2)
0.375 — 0.750 — 
Common Stock(3)
0.13440 0.13365 0.40245 0.40050 
(1)Treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
(2)Of the aggregate dividends declared on the Series B Preferred Stock and Series C Preferred Stock by our Board of Directors on July 14, 2020, and July 9, 2019, approximately $797,000 and $433,000, respectively, was paid (as scheduled) by us on October 7, 2020, and October 3, 2019, respectively.
(3)The same amounts were paid as distributions on each OP Unit held by non-controlling OP Unitholders.
Series B Preferred Stock  
Class of Stock [Line Items]  
Schedule of Sale of Stock by Subsidiary
The following table provides information on sales of the Series B Preferred Stock that occurred during the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per-share amounts):
PeriodNumber of
Shares Sold		Weighted-average
Offering Price per Share		Gross Proceeds
Net Proceeds(1)
2020(2):
Nine months ended September 30, 20201,229,531$24.52 $30,148 $27,664 
2019:
Three months ended September 30, 2019831,579$24.64 $20,487 $18,711 
Nine months ended September 30, 20192,330,65424.68 57,529 52,440 
(1)Net of Series B Selling Commissions and Series B Dealer-Manager Fees borne by us.
(2)The Series B Offering was completed during the three months ended March 31, 2020.
Series C Preferred Stock  
Class of Stock [Line Items]  
Schedule of Sale of Stock by Subsidiary
The following table provides information on equity sales that have occurred during the three and nine months ended September 30, 2020 (dollars in thousands, except per-share amounts):
Period
Number of
Shares Sold(1)
Weighted Average
Offering Price
Per Share		Gross Proceeds
Net Proceeds(2)
Three months ended September 30, 2020289,494$24.82 $7,184 $6,586 
Nine months ended September 30, 2020420,19624.86 10,444 9,559 
(1)Excludes shares issued pursuant to the DRIP. During each of the three and nine months ended September 30, 2020, we issued approximately 34 shares of the Series C Preferred Stock pursuant to the DRIP.
(2)Net of Series C Selling Commissions and Series C Dealer-Manager Fees.
Common Stock  
Class of Stock [Line Items]  
Schedule of Sale of Stock by Subsidiary
The following table provides information on shares of common stock sold by the Sales Agents under the ATM Programs during the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per-share amounts):
PeriodNumber of
Shares Sold		Weighted-average
Offering Price Per Share		Gross Proceeds
Net Proceeds(1)
2020:
Three months ended September 30, 2020526,016$16.13 $8,483 $8,398 
Nine months ended September 30, 2020979,94514.94 14,638 14,491 
2019:
Three months ended September 30, 201978,008$12.01 $937 $923 
Nine months ended September 30, 2019148,55912.32 1,830 1,802 
(1)Net of underwriting commissions and discounts.