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Redeemable Preferred Stock (Tables)
 9 Months Ended
Sep. 30, 2023
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Series B Convertible Preferred Stock$1,058 $1,059 $3,174 $3,175 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Series E Preferred Stock shares issued (1)
— 4,362 3,798 7,151 
Net proceeds$— $98,140 $85,444 $160,894 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
September 30, 2023December 31, 2022
Series E Preferred Stock$377,876 $291,076 
Cumulative adjustments to Series E Preferred Stock (1)
$12,024 $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 September 30,Nine Months Ended September 30,
2023202220232022
Series E Preferred Stock$7,710 $3,697 $23,230 $7,149 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Series M Preferred Stock shares issued (1)
— 6735311,040 
Net proceeds$— $16,311 $12,869 $25,208 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
September 30, 2023December 31, 2022
Series M Preferred Stock$47,460 $35,182 
Cumulative adjustments to Series M Preferred Stock (1)
$1,462 $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 September 30,Nine Months Ended September 30,
2023202220232022
Series M Preferred Stock$989 $447 $2,930 $596 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Series E Preferred Stock shares redeemed111 3 143 5 
Redemption amount, net of redemption fees$2,589 $84 $3,378 $134 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Series M Preferred Stock shares redeemed51 2 56 2 
Redemption amount, net of redemption fees$1,268 $59 $1,383 $59