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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events  
Subsequent Events

 

Note 16 — Subsequent Events

 

Subsequent events have been evaluated and except as disclosed below, in Note 8 (Debt Obligations) and Note 10 (Common Stock Cash Dividend), there were no other events relative to the Company’s consolidated financial statements that require additional disclosure.

 

On May 8, 2017, the Company sold a property in Greenwood Village, Colorado for approximately $9,100,000, net of closing costs.  At March 31, 2017, the net book value of the property’s land, building and improvements was $2,600,000, which is included in Real estate investments, net, on the consolidated balance sheet.  The Company anticipates recognizing a gain of approximately $6,500,000 during the three months ended June 30, 2017.