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COMMON STOCK ACTIVITY
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
COMMON STOCK ACTIVITY COMMON STOCK ACTIVITY
The following table presents the common stock activity for the three years ended December 31, 2022:
 Years Ended December 31,
202220212020
Common Stock (in shares)
Shares outstanding at beginning of year41,268,846 39,676,828 38,925,953 
Common stock offerings                                                            393,406 1,551,181 709,924 
Common stock issued in the purchase of real estate1,868,809 — — 
Incentive restricted stock granted                                                            71,217 66,623 69,446 
Incentive restricted stock forfeited                                                             — (440)
Director common stock awarded                                                            161 4,466 8,182 
Director restricted stock granted5,696 — 208 
Employee common stock awarded2,425 — — 
Stock withheld for tax obligations(35,021)(30,252)(36,445)
Shares outstanding at end of year                                                            43,575,539 41,268,846 39,676,828 

The Company had an at the market equity program that allowed it to issue and sell shares of its common stock with an aggregate gross sales price of up to $750,000,000 (the Prior ATM Program") through sales agents from time to time. The following table presents the common stock issuance activity pursuant to the Company's prior ATM program for the three years ended December 31, 2022:
Years Ended December 31,Number of Shares of
Common Stock Issued
Net Proceeds
(In thousands)
2022393,406 $75,375 
20211,551,181 271,155 
2020709,924 92,663