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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

On April 14, 2023, the Company paid distributions totaling $54.0 million.

On April 27, 2023, the Board of Directors declared a quarterly distribution of $0.28 per share on the Companys common stock and OP Units for the second quarter of 2023, which will be payable on or before July 14, 2023 to stockholders and OP unitholders of record as of June 30, 2023.

Subsequent to March 31, 2023, the Company paid down $14 million, and borrowed $44 million on the unsecured revolving credit facility, the proceeds of which were used for general corporate purposes.

Through May 4, 2023, the Company sold three properties with an aggregate carrying value of approximately $19.6 million for total proceeds of $42.4 million. The Company incurred additional expenses related to the sales of approximately $1.0 million, resulting in a gain on sale of real estate of approximately $21.8 million.