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Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events  
Subsequent Events

11.     Subsequent Events

 

On January 9, 2015, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on February 12, 2015 to stockholders of record on January 23, 2015.

 

The Company reached an agreement to sell an office property in Plano, Texas, which is expected to close in February 2015.  The sales price is approximately $20.8 million and the property has a carrying value of approximately $19.2 million at December 31, 2014.  The disposal of the property does not represent a strategic shift that has a major effect on the Company’s operations and financial results.  Accordingly, the property remains classified within continuing operations for all periods presented.