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Subsequent Events | 9 Months Ended
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Sep. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Portfolio Activity—Dispositions Subsequent to September 30, 2024, we entered into agreements to sell 11 blueberry farms located in Allegan and Van Buren, Michigan, for total consideration of approximately $5.0 million, exclusive of closing costs. As of September 30, 2024, the aggregate carrying value of these farms was approximately $5.0 million and was included in Total real estate, net on our Condensed Consolidated Balance Sheets. We currently expect these sales to be completed during the three months ending December 31, 2024. Financing Activity Equity Activity—Equity Issuances The following table provides information on equity sales that occurred subsequent to September 30, 2024 (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)
Common Stock – ATM Program |  | 346,216 |  | $ | 13.52 |  |  | $ | 4,680 |  |  | $ | 4,633 |
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting discounts and commissions (in each case, as applicable). Distributions On October 8, 2024, our Board of Directors 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: |  | October 22, 2024 |  | October 31, 2024 |  | $ | 0.125 |
|  | November 20, 2024 |  | November 29, 2024 |  | 0.125 |
|  | December 20, 2024 |  | December 31, 2024 |  | 0.125 |
Total Series B Preferred Stock Distributions: |  | $ | 0.375 |
Series C Preferred Stock: |  | October 22, 2024 |  | October 31, 2024 |  | $ | 0.125 |
|  | November 20, 2024 |  | November 29, 2024 |  | 0.125 |
|  | December 20, 2024 |  | December 31, 2024 |  | 0.125 |
Total Series C Preferred Stock Distributions: |  | $ | 0.375 |
Series D Term Preferred Stock: |  | October 22, 2024 |  | October 31, 2024 |  | $ | 0.104167 |
|  | November 20, 2024 |  | November 29, 2024 |  | 0.104167 |
|  | December 20, 2024 |  | December 31, 2024 |  | 0.104167 |
Total Series D Term Preferred Stock Distributions: |  | $ | 0.312501 |
Series E Preferred Stock: |  | October 24, 2024 |  | November 4, 2024 |  | $ | 0.104167 |
|  | November 27, 2024 |  | December 4, 2024 |  | 0.104167 |
|  | December 23, 2024 |  | January 3, 2025 |  | 0.104167 |
Total Series E Preferred Stock Distributions: |  | $ | 0.312501 |
Common Stock(1): |  | October 22, 2024 |  | October 31, 2024 |  | $ | 0.0467 |
|  | November 20, 2024 |  | November 29, 2024 |  | 0.0467 |
|  | December 20, 2024 |  | December 31, 2024 |  | 0.0467 |
Total Common Stock Distributions |  | $ | 0.1401 |
(1)The same amounts paid to common stockholders were or will be paid as distributions on each OP Unit held by non-controlling OP Unitholders, if any, 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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