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Subsequent Events (Tables)
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Summary of Equity Activity
The following table provides information on equity sales that have occurred subsequent to December 31, 2022 (dollars in thousands, except per-share amounts):
Type of IssuanceNumber of
Shares Sold
Weighted Average Offering Price
Per Share
Gross Proceeds
Net Proceeds(1)
Series E Preferred Stock34,600$24.96 $864 $779 
Common Stock – ATM Program663,58519.72 13,084 12,953 
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting discounts and commissions (in each case, as applicable).
Monthly Distributions Declared by Company's Board of Directors On January 10, 2023 our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock (distributions to holders of our Series E Preferred Stock were authorized and declared on January 18, 2023):
IssuanceRecord DatePayment DateDistribution per Share
Series B Preferred Stock:January 20, 2023January 31, 2023$0.125 
February 17, 2023February 28, 20230.125 
March 17, 2023March 31, 20230.125 
Total Series B Preferred Stock Distributions:$0.375 
Series C Preferred Stock:January 26, 2023February 6, 2023$0.125 
February 23, 2023March 6, 20230.125 
March 29, 2023April 6, 20230.125 
Total Series C Preferred Stock Distributions:$0.375 
Series E Preferred Stock:January 26, 2023February 6, 2023$0.104167 
February 23, 2023March 6, 20230.104167 
March 29, 2023April 6, 20230.104167 
Total Series E Preferred Stock Distributions:$0.312501 
Series D Term Preferred Stock:January 20, 2023January 31, 2023$0.104167 
February 17, 2023February 28, 20230.104167 
March 17, 2023March 31, 20230.104167 
Total Series D Term Preferred Stock Distributions:$0.312501 
Common Stock(1):
January 20, 2023January 31, 2023$0.0459 
February 17, 2023February 28, 20230.0459 
March 17, 2023March 31, 20230.0459 
Total Common Stock Distributions:$0.1377 
(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders as of the above record dates.