XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Subsequent Events | 9 Months Ended
--- | ---
Sep. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Distributions On October 11, 2016, our Board of Directors declared the following monthly distributions for the months of October, November and December of 2016:
Record Date |  | Payment Date |  | Common Stock Distributions per Share |  | Series A Preferred Distributions per Share |  | Series B Preferred Distributions per Share |  | Series D Preferred Distributions per Share
October 21, 2016 |  | October 31, 2016 |  | $ | 0.125 |  |  | $ | 0.1614583 |  |  | $ | 0.15625 |  |  | $ | 0.1458333 |
November 17, 2016 |  | November 30, 2016 |  | 0.125 |  |  | 0.1614583 |  |  | 0.15625 |  |  | 0.1458333 |
December 20, 2016 |  | December 30, 2016 |  | 0.125 |  |  | 0.1614583 |  |  | 0.15625 |  |  | 0.1458333 |
Total |  |  |  | $ | 0.375 |  |  | $ | 0.4843749 |  |  | $ | 0.46875 |  |  | $ | 0.4375 |
Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: |  | Payment Date |  | Distribution per Share
October |  | November 7, 2016 |  | $ | 0.0875 |
November |  | December 7, 2016 |  | 0.0875 |
December |  | January 9, 2017 |  | 0.0875 |
Total |  |  |  | $ | 0.2625 |
Leasing Activity On October 10, 2016, we entered into a lease amendment with the tenant occupying our Vance, Alabama property. We agreed to fund a $7.0 million expansion which would add 75,000 square feet to our property, bringing the property to a total of 245,000 square feet. Upon completion of the expansion project, we will enter into a new 10-year lease. On October 18, 2016, we extended the lease with the tenant occupying our property located in Wichita, Kansas. The lease covering this property was extended for an additional five years through September 30, 2022. The lease was originally set to expire on September 30, 2017. The lease provides for prescribed rent escalations over its life, with annualized straight line rents of approximately$0.8 million. In connection with the extension of the lease and modification of certain terms of the lease, we committed to $0.3 million in tenant improvements. Officer Appointment On October 19, 2016, our Board of Directors appointed Michael Sodo to the office of Chief Financial Officer, effective November 1, 2016.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration