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Subsequent Events (Tables)
 9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Schedule of Equity Activity
The following table provides information on equity sales that have occurred subsequent to September 30, 2023 (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 Stock2,200$25.00 $55 $50 
(1)Net of Selling Commissions and Dealer-Manager Fees.
Dividends Declared
The per-share distributions to preferred and common stockholders declared by our Board of Directors during the three and nine months ended September 30, 2023 and 2022 are reflected in the table below.
Three Months Ended September 30,Nine Months Ended September 30,
Issuance2023202220232022
Series B Preferred Stock$0.375 $0.375 $1.125 $1.125 
Series C Preferred Stock0.375 0.375 1.125 1.125 
Series D Term Preferred Stock(1)
0.312501 0.312501 0.937503 0.937503 
Series E Term Preferred Stock0.312501 — 0.937503 — 
Common Stock(2)
0.1386 0.1368 0.4143 0.4089 
(1)Dividends are treated similar to interest expense on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
(2)The same amounts were paid as distributions on each OP Unit held by non-controlling OP Unitholders.
On October 10, 2023, our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock:
IssuanceRecord DatePayment DateDistribution per Share
Series B Preferred Stock:October 20, 2023October 31, 2023$0.125 
November 20, 2023November 30, 20230.125 
December 18, 2023December 29, 20230.125 
Total Series B Preferred Stock Distributions:$0.375 
Series C Preferred Stock:October 20, 2023October 31, 2023$0.125 
November 20, 2023November 30, 20230.125 
December 18, 2023December 29, 20230.125 
Total Series C Preferred Stock Distributions:$0.375 
Series D Term Preferred Stock:October 20, 2023October 31, 2023$0.104167 
November 20, 2023November 30, 20230.104167 
December 18, 2023December 29, 20230.104167 
Total Series D Term Preferred Stock Distributions:$0.312501 
Series E Preferred Stock:October 25, 2023November 3, 2023$0.104167 
November 28, 2023December 5, 20230.104167 
December 27, 2023January 5, 20240.104167 
Total Series E Preferred Stock Distributions:$0.312501 
Common Stock(1):
October 20, 2023October 31, 2023$0.0464 
November 20, 2023November 30, 20230.0464 
December 18, 2023December 29, 20230.0464 
Total Common Stock Distributions$0.1392 
(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.