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Subsequent Events | 12 Months Ended
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Dec. 31, 2017
Subsequent Events [Abstract] |
Subsequent Events |
20. SUBSEQUENT EVENTS
Distributions—Distributions paid to stockholders and OP unit holders of record subsequent to December 31, 2017, were as follows (in thousands):
Month | Date of Record | Distribution Rate | Date Distribution Paid |  | Gross Amount of Distribution Paid |  | Distribution Reinvested through the DRIP |  | Net Cash Distribution
December | 12/1/2017 - 12/31/2017 | $0.00183562 | 1/2/2018 |  | $ | 13,017 |  |  | $ | 4,354 |  |  | $ | 8,663 |
January | 1/16/2018 | $0.05583344 | 2/1/2018 |  | 12,789 |  |  | 4,228 |  |  | 8,561 |
February | 2/15/2018 | $0.05583344 | 3/1/2018 |  | 12,807 |  |  | 4,186 |  |  | 8,621 |
In February 2018 our Board authorized distributions for March, April, and May 2018 to the stockholders of record at the close of business on March 15, 2018, April 16, 2018, and May 15, 2018, respectively, equal to a monthly amount of $0.05583344 per share of common stock. OP unit holders will receive distributions at the same rate as common stockholders. Beginning January 1, 2018, we pay distributions to stockholders and OP unit holders based on monthly record dates. We expect to pay these distributions on the first business day after the end of each month. The 2018 monthly distribution rate is currently at the same annual distribution rate as 2017. Acquisitions—Subsequent to December 31, 2017, we executed the following asset acquisition (dollars in thousands):
Property Name |  | Location |  | Anchor Tenant |  | Acquisition Date |  | Purchase Price |  | Square Footage |  | Leased % of Rentable Square Feet at Acquisition
Shoppes of Lake Village |  | Leesburg, FL |  | Publix |  | 2/26/2018 |  | $8,400 |  | 135,437 |  | 71.3%
Grocer Bankruptcy—On March 21, 2018, Southeastern Grocers, the parent company of Winn Dixie and Bi-Lo, filed for bankruptcy. We have eight grocery stores operated by subsidiaries of Southeastern Grocers in our portfolio. We do not expect this bankruptcy to have a material impact on our consolidated financial statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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