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Redeemable Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2023
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Series B Convertible Preferred Stock$1,058 $1,058 $2,116 $2,116 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Series E Preferred Stock shares issued (1)
— 1,312 3,798 2,789 
Net proceeds$— $29,518 $85,444 $62,754 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
June 30, 2023December 31, 2022
Series E Preferred Stock$379,403 $291,076 
Cumulative adjustments to Series E Preferred Stock (1)
$11,775 $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 June 30,Six Months Ended June 30,
2023202220232022
Series E Preferred Stock$7,986 $2,053 $15,520 $3,452 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Series M Preferred Stock shares issued (1)
— 334531367
Net proceeds$— $8,087 $12,869 $8,897 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
June 30, 2023December 31, 2022
Series M Preferred Stock$48,405 $35,182 
Cumulative adjustments to Series M Preferred Stock (1)
$1,195 $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 June 30,Six Months Ended June 30,
2023202220232022
Series M Preferred Stock$1,008 $128 $1,941 $149 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Series E Preferred Stock shares redeemed21 2 32 2 
Redemption amount, net of redemption fees$507 $50 $789 $50 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Series M Preferred Stock shares redeemed4 — 5 — 
Redemption amount, net of redemption fees$90 $— $115 $—