Redeemable Preferred Units (Tables)

9 Months Ended

Sep. 30, 2022

Temporary Equity Disclosure [Abstract]

Summary of Issuances of Preferred Units

The following table summarizes the outstanding Preferred Units as of September 30, 2022 and December 31, 2021:

	September 30, 2022
Month Issued	Units		Purchase Price		Distribution Rate			Redemption Price per Unit		Earliest Redemption Date
Series A Preferred Units
March 2016		1,000,000	$	10,000,000		3.00	%	$	10.00	March 2024 (1)
September 2016		1,000,000		10,000,000		3.00	%		10.00	September 2023 (2)
December 2016		700,000		7,000,000		3.00	%		10.00	December 2023 (1)
March 2017		1,000,000		10,000,000		3.00	%		10.00	March 2023
August 2017		2,000,000		20,000,000		3.00	%		10.00	August 2023
October 2017		1,750,000		17,500,000		3.00	%		10.00	October 2023
Total Series A Preferred Units		7,450,000		74,500,000
Series A-1 Preferred Units
April 2022		2,000,000	$	20,000,000		3.00	%		10.00	April 2028
Total Series A-1 Preferred Units		2,000,000		20,000,000
Redeemable Preferred Units    outstanding as of September 30, 2022		9,450,000	$	94,500,000

(1)The holder did not provide a notice of its intent to redeem prior to the date 180 days before the most recent optional redemption date. Accordingly, the holder's next optional redemption date is on the next anniversary of the sale of the Series A Preferred Units.

(2)The holder did not provide a notice of its intent to redeem prior to the date 180 days before the most recent optional redemption date. In October 2022, the holder exchanged its Series A Preferred Units for newly issued Series A-1 Preferred Units. See Note 24 below for further information regarding this exchange, which occurred after quarter end.

	December 31, 2021
Month Issued	Units		Purchase Price		Distribution Rate			Redemption Price per Unit
Series A Preferred Units
March 2016		1,000,000	$	10,000,000		3.00	%	$	10.00
May 2016		1,386,900		13,869,000		3.00	%		10.00
September 2016		1,000,000		10,000,000		3.00	%		10.00
December 2016		700,000		7,000,000		3.00	%		10.00
March 2017		1,613,100		16,131,000		3.00	%		10.00
August 2017		2,000,000		20,000,000		3.00	%		10.00
October 2017		1,750,000		17,500,000		3.00	%		10.00
Redeemable Preferred Units    outstanding as of December 31, 2021		9,450,000	$	94,500,000