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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Distributions in excess of earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated other comprehensive loss
Total stockholders' equity
Total stockholders' equity
Cumulative Effect, Period of Adoption, Adjustment
[1]
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Noncontrolling interests in Operating Partnership
Cumulative Effect, Period of Adoption, Adjustment
[1]
Redeemable convertible preferred stock
Redeemable convertible preferred stock
Preferred stock
Redeemable convertible preferred stock
Additional paid-in capital
Redeemable convertible preferred stock
Total stockholders' equity
Beginning balance at Dec. 31, 2019 $ 655,447 $ (3,009) $ 63,250 $ 563 $ 455,680 $ (106,676) $ (2,185) $ (4,240) $ 408,577 $ (2,185) $ 4,462 $ 242,408 $ (824)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 36,959         29,152     29,152   (230) 8,037          
Unrealized cash flow hedge gains (losses) (9,751)             (7,082) (7,082)     (2,669)          
Realized cash flow hedge losses reclassified to net income 3,345             2,454 2,454     891          
Net proceeds from issuance of stock 19,650     19 19,631       19,650         $ 101,460 $ 107,835 $ (6,375) $ 101,460
Restricted stock awards, net 2,342     2 2,340       2,342                
Noncontrolling interest in acquired real estate entity 0                   0            
Acquisitions of noncontrolling interests (5,033)       (7,388)       (7,388)   (3,744) 6,099          
Acquisitions for cash 0     0 0       0     0          
Redemption of operating partnership units (2,729)     7 8,859       8,866     (11,595)          
Dividends declared on preferred stock (7,349)         (7,349)     (7,349)                
Dividends and distributions declared on common shares and units (34,530)         (25,298)     (25,298)     (9,232)          
Ending balance at Dec. 31, 2020 756,802   171,085 591 472,747 (112,356)   (8,868) 523,199   488 233,115          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 25,455         21,892     21,892   (5) 3,568          
Unrealized cash flow hedge gains (losses) 3,678             2,739 2,739     939          
Realized cash flow hedge losses reclassified to net income 8,163             6,096 6,096     2,067          
Net proceeds from issuance of stock 51,677     38 51,639       51,677                
Restricted stock awards, net 2,006     1 2,005       2,006                
Noncontrolling interest in acquired real estate entity 0                   0            
Acquisitions of noncontrolling interests (804)       (950)       (950)   146 0          
Redemption of operating partnership units (2,949)     0 (411)       (411)     (2,538)          
Dividends declared on preferred stock (11,548)         (11,548)     (11,548)                
Dividends and distributions declared on common shares and units (52,657)         (39,348)     (39,348)     (13,309)          
Ending balance at Dec. 31, 2021 779,823   171,085 630 525,030 (141,360)   (33) 555,352   629 223,842          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 99,953         74,747     74,747   5,948 19,258          
Unrealized cash flow hedge gains (losses) 20,165             15,333 15,333   148 4,684          
Realized cash flow hedge losses reclassified to net income (800)         1   (621) (620)   7 (187)          
Net proceeds from issuance of stock 65,159     45 65,114       65,159                
Restricted stock awards, net 3,029     2 3,027       3,029                
Noncontrolling interest in acquired real estate entity 23,065                   23,065            
Acquisitions of noncontrolling interests (5,401)       (5,401)       (5,401)   0            
Redemption of operating partnership units (130)       114       114     (244)          
Distributions to Joint Venture Partners (5,742)                   (5,742)            
Dividends declared on preferred stock (11,548)         (11,548)     (11,548)                
Dividends and distributions declared on common shares and units (63,559)         (48,715)     (48,715)     (14,844)          
Ending balance at Dec. 31, 2022 $ 904,014   $ 171,085 $ 677 $ 587,884 $ (126,875)   $ 14,679 $ 647,450   $ 24,055 $ 232,509          
[1] The Company recorded cumulative effect adjustments related to the new Current Expected Credit Losses ("CECL") standard in the first quarter of 2020. See "Financial Statements — Note 2 — Significant Accounting Policies — Recent Accounting Pronouncements" for additional information.