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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Series A Preferred Stock
Series B Preferred Stock
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders’ Equity
Total Stockholders’ Equity
Series A Preferred Stock
Total Stockholders’ Equity
Series B Preferred Stock
Total Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Series A Preferred Stock
Additional Paid-in Capital
Series B Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Distributions in Excess of Accumulated Earnings
Distributions in Excess of Accumulated Earnings
Series A Preferred Stock
Distributions in Excess of Accumulated Earnings
Series B Preferred Stock
Distributions in Excess of Accumulated Earnings
Cumulative Effect, Period of Adoption, Adjustment
Non-controlling Interests
Beginning Balance (in shares) at Dec. 31, 2018                 0 0 91,963,532                  
Beginning balance at Dec. 31, 2018 $ 1,240,934     $ (87) $ 1,233,137     $ (87) $ 0 $ 0 $ 919 $ 2,031,967     $ 4,582 $ (804,331)     $ (87) $ 7,797
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Issuance of preferred stock, net (in shares)                 1,610,000                      
Issuance of preferred stock, net   $ 37,617       $ 37,617     $ 16       $ 37,601              
Common stock issued through distribution reinvestment plan (in shares) 1,500,000                   1,481,395                  
Common stock issued through distribution reinvestment plan $ 27,210       27,210           $ 15 27,195                
Common stock repurchases (in shares)                     (1,103,263)                  
Common stock repurchases (21,113)       (21,113)           $ (11) (21,102)                
Share-based compensation, net (in shares)                     15,000                  
Share-based compensation, net 1,319       1,319             1,319                
Distributions declared on common stock (78,685)       (78,685)                     (78,685)        
Allocation for preferred stock (173)       (173)                     (173)        
Distributions to non-controlling interest holders (346)                                     (346)
Unrealized loss on designated derivative (11,625)       (11,625)                   (11,625)          
Net loss (88,307)       (87,914)                     (87,914)       (393)
Rebalancing of ownership percentage         1,648             1,648               (1,648)
Ending Balance (in shares) at Dec. 31, 2019                 1,610,000 0 92,356,664                  
Ending balance at Dec. 31, 2019 $ 1,106,744       1,101,334       $ 16 $ 0 $ 923 2,078,628     (7,043) (971,190)       5,410
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Issuance of preferred stock, net   (59)       (59)             (59)              
Common stock issued through distribution reinvestment plan (in shares) 900,000                   875,986                  
Common stock issued through distribution reinvestment plan $ 14,604       14,604           $ 9 14,595                
Common stock repurchases (in shares)                     (705,101)                  
Common stock repurchases (10,546)       (10,546)           $ (7) (10,539)                
Share-based compensation, net (in shares)                     0                  
Share-based compensation, net 1,345       1,345             1,345                
Distributions declared in common stock (in shares)                     1,248,197                  
Distributions declared in common stock 0       0           $ 13 19,646       (19,659)        
Distributions declared on common stock (38,839)       (38,839)                     (38,839)        
Allocation for preferred stock (2,968)       (2,968)                     (2,968)        
Distributions to non-controlling interest holders (201)                                     (201)
Unrealized loss on designated derivative (32,615)       (32,615)                   (32,615)          
Buyout of NCI (583)       (88)                     (88)       (495)
Net loss (75,510)       (75,813)                     (75,813)       303
Rebalancing of ownership percentage 0       630             645     (15)         (630)
Ending Balance (in shares) at Dec. 31, 2020                 1,610,000 0 93,775,746                  
Ending balance at Dec. 31, 2020 $ 961,372       956,985       $ 16 $ 0 $ 938 2,104,261     (39,673) (1,108,557)       4,387
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Issuance of preferred stock, net (in shares) 0               2,367,144 3,630,000                    
Issuance of preferred stock, net   56,265 $ 86,819     56,265 $ 86,819   $ 24 $ 36     $ 56,241 $ 86,783            
Common stock issued through distribution reinvestment plan $ 0                                      
Share-based compensation, net $ 1,329       1,329             1,329                
Distributions declared in common stock (in shares) 6,754,203                   5,506,008                  
Distributions declared in common stock $ 0       0           $ 55 81,316       (81,371)        
Allocation for preferred stock (7,762) $ (6,236) $ (1,527)     $ (6,236) $ (1,527)                   $ (6,236) $ (1,527)    
Distributions to non-controlling interest holders (92)                                     (92)
Issuance of Series A Preferred OP Units 2,578                                     2,578
Unrealized loss on designated derivative 25,332       25,332                   25,332          
Net loss (85,440)       (85,180)                     (85,180)       (260)
Rebalancing of ownership percentage 0       (91)             (91)               91
Ending Balance (in shares) at Dec. 31, 2021                 3,977,144 3,630,000 99,281,754                  
Ending balance at Dec. 31, 2021 $ 1,040,400       $ 1,033,696       $ 40 $ 36 $ 993 $ 2,329,839     $ (14,341) $ (1,282,871)       $ 6,704