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Redeemable Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2023
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20232022
Series B Convertible Preferred Stock$1,058 $1,058 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20232022
Series E Preferred Stock shares issued (1)
3,798 1,477 
Net proceeds$85,444 $33,236 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
March 31, 2023December 31, 2022
Series E Preferred Stock$378,906 $291,076 
Cumulative adjustments to Series E Preferred Stock (1)
$11,599 $9,403 
________
(1)    Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20232022
Series E Preferred Stock$7,534 $1,399 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20232022
Series M Preferred Stock shares issued (1)
531 33
Net proceeds$12,869 $810 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
March 31, 2023December 31, 2022
Series M Preferred Stock$48,294 $35,182 
Cumulative adjustments to Series M Preferred Stock (1)
$1,070 $812 
__________________
(1)    Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20232022
Series M Preferred Stock$932 $21 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20232022
Series E Preferred Stock shares redeemed11 — 
Redemption amount, net of redemption fees$282 $— 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20232022
Series M Preferred Stock shares redeemed1 — 
Redemption amount, net of redemption fees$25 $—