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Subsequent Events | 9 Months Ended
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Sep. 30, 2019
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Debt Activity On October 2, 2019, we fully repaid one mortgage with an outstanding balance of $6.3 million collateralized by one property. This mortgage had a fixed rate of 6.0%. Equity Activity On October 4, 2019, we completed an underwritten public offering of 2,760,000 shares of our Series E Preferred Stock at a public offering price of $25.00 per share, raising $69.0 million in gross proceeds and approximately $66.6 million in net proceeds, after payment of underwriting discounts and commissions. We used the net proceeds from this offering to redeem all outstanding shares of our Series A Preferred and Series B Preferred, and pay down our Credit Facility. On October 28, 2019, we voluntarily redeemed all 1,000,000 outstanding shares of our Series A Preferred Stock and all 1,264,000 outstanding shares of our Series B Preferred Stock at a redemption price of $25.1506944 per share and $25.1458333 per share, respectively, which represents the liquidation preference per share, plus accrued and unpaid dividends through October 28, 2019 for an aggregate redemption price of approximately $56.9 million. Distributions On October 8, 2019, our Board of Directors declared the following monthly distributions for the months of October, November and December of 2019:
Record Date |  | Payment Date |  | Common Stock and Non-controlling OP Unit Distributions per Share |  | Series D Preferred Distributions per Share |  | Series E Preferred Distributions per Share |
October 22, 2019 |  | October 31, 2019 |  | $ | 0.125 |  |  | $ | 0.1458333 |  |  | $ | 0.128819 |  | (1)
November 19, 2019 |  | November 29, 2019 |  | 0.125 |  |  | 0.1458333 |  |  | 0.138021 |  |
December 19, 2019 |  | December 31, 2019 |  | 0.125 |  |  | 0.1458333 |  |  | 0.138021 |  |
|  |  |  | $ | 0.375 |  |  | $ | 0.4374999 |  |  | $ | 0.404861 |  |
(1) | Represents a prorated monthly distribution, based upon the issuance date of October 4, 2019.
Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: |  | Payment Date |  | Distribution per Share
October |  | November 7, 2019 |  | $ | 0.0875 |
November |  | December 6, 2019 |  | 0.0875 |
December |  | January 7, 2020 |  | 0.0875 |
|  |  |  | $ | 0.2625 |
ATM Equity Activity On October 28, 2019, we terminated the Series A and B Preferred ATM Program with Cantor Fitzgerald, as the Series A Preferred and Series B Preferred were fully redeemed on this date.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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