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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Accumulated other comprehensive loss
Total stockholders' equity
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Beginning 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 (loss) 25,455       21,892   21,892 (5) 3,568
Unrealized cash flow hedge gains 3,678         2,739 2,739   939
Realized cash flow hedge losses (gains) reclassified to net income 8,163         6,096 6,096   2,067
Net proceeds from issuance of common stock 51,677   38 51,639     51,677    
Restricted stock awards, net 2,006   1 2,005     2,006    
Acquisitions of noncontrolling interests in real estate entities (804)     (950)     (950) 146  
Redemption of operating partnership units (2,949)     (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 (loss) 99,953       74,747   74,747 5,948 19,258
Unrealized cash flow hedge gains 20,165         15,333 15,333 148 4,684
Realized cash flow hedge losses (gains) reclassified to net income (800)       1 (621) (620) (7) (187)
Net proceeds from issuance of common 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 in real estate entities (5,401)     (5,401)     (5,401)    
Redemption of operating partnership units (130)     114     114   (244)
Distributions to noncontrolling interests (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
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 7,663       8,287   8,287 605 (1,229)
Unrealized cash flow hedge gains 6,879         5,026 5,026 315 1,538
Realized cash flow hedge losses (gains) reclassified to net income (20,047)         (14,799) (14,799) 598 (4,650)
Net proceeds from issuance of common stock (208)     (208)     (208)    
Retirement of common stock 12,628   (12) (10,458) (2,158)   (12,628)    
Restricted stock awards, net 2,958   3 2,955     2,958    
Issuance of operating partnership units for acquisitions 12,194               12,194
Acquisitions of noncontrolling interests in real estate entities (12,834)             (12,834)  
Redemption of operating partnership units (705)     514     514   (1,219)
Distributions to noncontrolling interests (1,557)             (1,557)  
Dividends declared on preferred stock (11,548)       (11,548)   (11,548)    
Dividends and distributions declared on common shares and units (69,003)       (52,430)   (52,430)   (16,573)
Ending balance at Dec. 31, 2023 $ 805,178 $ 171,085 $ 668 $ 580,687 $ (184,724) $ 4,906 $ 572,622 $ 9,986 $ 222,570