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Subsequent Events | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS Financing Activity Debt Activity—Loan Maturities Subsequent to June 30, 2023, we repaid a $3.2 million maturing bond that bore interest at an annual rate of 2.13%. Equity Activity The following table provides information on equity sales that have occurred subsequent to June 30, 2023 (dollars in thousands, except per-share amounts):
Type of Issuance |  | Number of Shares Sold |  | Weighted Average Offering Price Per Share |  | Gross Proceeds |  | Net Proceeds(1)
Series E Preferred Stock |  | 41,600 |  | $ | 25.00 |  |  | $ | 1,040 |  |  | $ | 936 |
Common Stock – ATM Program |  | 58,360 |  | 17.34 |  |  | 1,012 |  |  | 1,002 |
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting discounts and commissions (in each case, as applicable). Distributions On July 11, 2023, our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock:
Issuance |  | Record Date |  | Payment Date |  | Distribution per Share
Series B Preferred Stock: |  | July 21, 2023 |  | July 31, 2023 |  | $ | 0.125 |
|  | August 23, 2023 |  | August 31, 2023 |  | 0.125 |
|  | September 21, 2023 |  | September 29, 2023 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Series C Preferred Stock: |  | July 21, 2023 |  | July 31, 2023 |  | $ | 0.125 |
|  | August 23, 2023 |  | August 31, 2023 |  | 0.125 |
|  | September 21, 2023 |  | September 29, 2023 |  | 0.125 |
Total Series C Preferred Stock Distributions: |  | $ | 0.375 |
Series D Term Preferred Stock: |  | July 21, 2023 |  | July 31, 2023 |  | $ | 0.104167 |
|  | August 23, 2023 |  | August 31, 2023 |  | 0.104167 |
|  | September 21, 2023 |  | September 29, 2023 |  | 0.104167 |
Total Series D Term Preferred Stock Distributions: |  | $ | 0.312501 |
Series E Preferred Stock: |  | July 27, 2023 |  | August 4, 2023 |  | $ | 0.104167 |
|  | August 28, 2023 |  | September 6, 2023 |  | 0.104167 |
|  | September 27, 2023 |  | October 5, 2023 |  | 0.104167 |
Total Series E Preferred Stock Distributions: |  | $ | 0.312501 |
Common Stock(1): |  | July 21, 2023 |  | July 31, 2023 |  | $ | 0.0462 |
|  | August 23, 2023 |  | August 31, 2023 |  | 0.0462 |
|  | September 21, 2023 |  | September 29, 2023 |  | 0.0462 |
Total Common Stock Distributions |  | $ | 0.1386 |
(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.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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