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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Components of Income Tax (Provision) Benefit The components of the income tax provision for the years ended December 31, 2023, 2022 and 2021 is comprised of the following: 
Year Ended December 31,
 202320222021
Current:
Federal$(22,424)$(226)$(2,458)
State(6,319)(356)(1,936)
Deferred:
Federal16,922 (19,154)(454)
State3,129 (3,627)(31)
             Total Income Tax Provision$(8,692)$(23,363)$(4,879)
Deferred Tax Assets (Liabilities)
Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred income tax assets and liabilities include the following as of December 31, 2023 and 2022:

Year Ended December 31,
 20232022
Real Estate Basis Difference - Investment in Joint Venture$769 $1,603 
Section 163(j) Interest Limitation— 551 
Other - Temporary Differences362 263 
Total Deferred Income Tax Assets$1,131 $2,417 
Deferred Income - Investment in Joint Venture$(2,962)$(24,340)
Other - Temporary Differences(340)(299)
Total Deferred Income Tax Liabilities$(3,302)$(24,639)
Total Net Deferred Income Tax Liabilities$(2,171)$(22,222)
Federal Income Tax Treatment of Common Dividends
For the years ended December 31, 2023, 2022 and 2021, the dividends paid to the Company's common shareholders per common share for income tax purposes were characterized as follows:
2023As a
Percentage
of
Distributions		2022As a
Percentage
of
Distributions		2021As a
Percentage
of
Distributions
Ordinary Income (A)
$0.6756 52.78 %$1.0720 90.85 %$0.9928 91.93 %
Unrecaptured Section 1250 Capital Gain0.0536 4.19 %0.0060 0.51 %0.0060 0.55 %
Other Capital Gain (B)
0.0956 7.47 %0.0168 1.42 %0.0128 1.19 %
Qualified Dividend0.4552 35.56 %0.0852 7.22 %0.0684 6.33 %
$1.2800 100.00 %$1.1800 100.00 %$1.0800 100.00 %
(A) For the years ended December 31, 2023, 2022 and 2021, the Code Section 199A dividend is equal to the total ordinary income dividend.
(B) For the years ended December 31, 2023 and 2022, Section 1061 of the Code related to Capital Gains for the One Year Amounts was 0% and 52.0%, respectively and for the Three Year Amounts was 0% and 12.6%, respectively.