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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 income
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
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 (losses) gains (426) (328)         (328) 2 (100)
Realized cash flow hedge gains reclassified to net income (2,922) (2,211)         (2,211) (39) (672)
Net proceeds from issuance of common stock (149) (149)     (149)        
Restricted stock awards, net 979 979   2 977        
Acquisitions of noncontrolling interests (12,834)             (12,834)  
Distributions to noncontrolling interests (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
Beginning balance at Dec. 31, 2023 805,178 572,622 171,085 668 580,687 (184,724) 4,906 9,986 222,570
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 17,725 14,073       14,073   34 3,618
Unrealized cash flow hedge (losses) gains 3,554 2,664         2,664 29 861
Realized cash flow hedge gains reclassified to net income (3,642) (2,700)         (2,700) (68) (874)
Net proceeds from issuance of common stock (10) (10)     (10)        
Restricted stock awards, net 1,396 1,396   2 1,394        
Redemption of operating partnership units (118) (22)     (22)       (96)
Distributions to noncontrolling interests (336)             (336)  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)      
Dividends and distributions declared on common shares and units (18,183) (13,733)       (13,733)     (4,450)
Ending balance at Mar. 31, 2024 $ 802,677 $ 571,403 $ 171,085 $ 670 $ 582,049 $ (187,271) $ 4,870 $ 9,645 $ 221,629