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Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Total stockholders' equity
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Accumulated other comprehensive gain
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Beginning balance at Dec. 31, 2021 $ 779,823 $ 555,352 $ 171,085 $ 630 $ 525,030 $ (141,360) $ (33) $ 629 $ 223,842
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 12,276 9,993       9,993   100 2,183
Unrealized cash flow hedge gains (losses) 7,722 5,907         5,907   1,815
Realized cash flow hedge (gains) losses reclassified to net income 787 602         602   185
Net proceeds from issuance of common stock 65,194 65,194   45 65,149        
Noncontrolling interest in acquired real estate entity 23,065             23,065  
Restricted stock awards, net 1,064 1,064     1,064        
Acquisitions of noncontrolling interests (3,901) (3,901)     (3,901)        
Redemption of operating partnership units 0 132     132       (132)
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (14,939) (11,433)       (11,433)     (3,506)
Ending balance at Mar. 31, 2022 868,204 620,023 171,085 675 587,474 (145,687) 6,476 23,794 224,387
Beginning balance at Dec. 31, 2022 904,014 647,450 171,085 677 587,884 (126,875) 14,679 24,055 232,509
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 5,417 4,709       4,709   154 554
Unrealized cash flow hedge gains (losses) (426) (328)         (328) 2 (100)
Realized cash flow hedge (gains) losses reclassified to net income (2,922) (2,211)         (2,211) (39) (672)
Net proceeds from issuance of common stock (149) (149)     (149)        
Noncontrolling interest in acquired real estate entity 12,834                
Restricted stock awards, net 979 979   2 977        
Acquisitions of noncontrolling interests (12,834)             (12,834)  
Distribution to Joint Venture Partner (506)             (506)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (16,824) (12,908)       (12,908)     (3,916)
Ending balance at Mar. 31, 2023 $ 873,862 $ 634,655 $ 171,085 $ 679 $ 588,712 $ (137,961) $ 12,140 $ 10,832 $ 228,375