v3.22.2.2
Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

19. Subsequent Events

On October 14, 2022, the Company paid distributions totaling $49.5 million.

On October 27, 2022, the Board of Directors declared a quarterly distribution of $0.275 per share on the Company's common stock and OP Units for the fourth quarter of 2022, which will be payable on or before January 13, 2023 to stockholders and OP unitholders of record as of December 30, 2022.

Subsequent to September 30, 2022, the Company continued to expand its operations through the acquisition of additional rental property and associated intangible assets and liabilities. The Company acquired approximately $283.1 million of rental property and associated intangible assets and liabilities (see Note 5).

Subsequent to September 30, 2022, the Company borrowed $259.0 million on the unsecured revolving credit facility, the proceeds of which were used to fund acquisitions and for other general corporate purposes. Additionally, on October 6, 2022, the Company paid one mortgage with a principal balance of $7.5 million in full (see Note 10).

Subsequent to September 30, 2022, the Company executed a lease amendment with an existing tenant to fund a total of $33.0 million towards a building expansion expected to be completed in 2023, in exchange for an increase in rent contractually scheduled to occur simultaneously upon funding.