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Subsequent Events

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Distributions

On July 11, 2023, our Board of Directors declared the following monthly distributions for the months of July, August and September of 2023:

Record Date						Payment Date						Common Stock and Non-controlling OP Unit Distributions per Share						Series E Preferred Distributions per Share						Series G Preferred Distributions per Share
July 21, 2023						July 31, 2023						$	0.10					$	0.138021					$	0.125
August 23, 2023						August 31, 2023						0.10						0.138021						0.125
September 21, 2023						September 29, 2023						0.10						0.138021						0.125
												$	0.30					$	0.414063					$	0.375

Senior Common Stock Distributions

Payable to the Holders of Record During the Month of:

Payment Date

Distribution per Share

July

August 4, 2023

$

0.0875

August

September 6, 2023

0.0875

September

October 5, 2023

0.0875

$

0.2625

Series F Preferred Stock Distributions

Record Date

Payment Date

Distribution per Share

July 27, 2023

August 4, 2023

$

0.125

August 28, 2023

September 6, 2023

0.125

September 27, 2023

October 5, 2023

0.125

$

0.375

Equity Activity

Subsequent to June 30, 2023 and through August 8, 2023, we raised $0.8 million in net proceeds from the sale of 33,198 shares of Series F Preferred Stock.

Acquisition Activity

On July 10, 2023, we purchased a 7,714 square foot medical office property in Dallas Fort Worth, Texas for $2.9 million. This property is fully leased to one tenant on a 10-year lease.

On July 28, 2023 we purchased a 100,000 square foot industrial property in Cedar Hill, Texas for $9.1 million. This property is fully leased to one tenant on a 20-year lease.

Sale Activity

On July 27, 2023 we sold our 26,080 square foot office property in Pittsburgh, Pennsylvania for $6.8 million. We realized a $3.6 million gain on sale.

Financing Activity

On July 28, 2023 we repaid $6.8 million in fixed rate mortgage debt, collateralized by one property, at an interest rate of 5.00%.

On August 4, 2023 we repaid $28.9 million in fixed rate mortgage debt, collateralized by one property, at an interest rate of 4.81%.

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- References

No definition available.

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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/disclosureRef
-Topic 855
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//855/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483399/855-10-50-2

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