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Subsequent Events | 3 Months Ended
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Mar. 31, 2013
Subsequent Events |
Subsequent Events | 9. Subsequent Events On April 3, 2013, the Company entered into an agreement to acquire an office property with approximately 680,277 rentable square feet of space for $183.0 million located in the central business district of Denver, Colorado. The purchase of the property is subject to customary conditions and termination rights for transactions of this type, including a due diligence inspection period for the Company. Assuming that the Company completes a satisfactory due diligence inspection of the property and certain other conditions are satisfied, the agreement to acquire the property provides that the closing will occur on or about July 1, 2013; provided, however, that the Company has the right to accelerate the closing to any earlier date selected by the Company by providing the seller with at least seven (7) business days’ advance notice thereof. On April 12, 2013, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on May 16, 2013 to stockholders of record on April 26, 2013. On April 26, 2013, the Company agreed to extend the maturity date from April 30, 2013 to April 30, 2014 on its up to $42 million Sponsored REIT Loan to FSP 385 Interlocken Development Corp.

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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 No definition available. + Details
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