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Subsequent Events
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events

Note 10. Subsequent Events

 

On April 16, 2015, the Company acquired one industrial building located in Kent, Washington containing 115,300 square feet for a total purchase price of approximately $11.2 million. The property was acquired from an unrelated third party using existing cash on hand. 

 

On April 23, 2015, the Company acquired one industrial building located in Tukwila, Washington containing 34,200 square feet for a total purchase price of approximately $3.2 million. The property was acquired from an unrelated third party using existing cash on hand. 

 

On May 5, 2015, the Company’s board of directors declared a cash dividend in the amount of $0.16 per share of our common stock payable on July 21, 2015 to the stockholders of record as of the close of business on July 7, 2015.

 

On May 5, 2015, the Company’s board of directors declared a cash dividend in the amount of $0.484375 per share of our Series A Preferred Stock payable on June 30, 2015 to the preferred stockholders of record as of the close of business on June 11, 2015.