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Subsequent Events
12 Months Ended
Dec. 31, 2016
Subsequent Events  
Subsequent Events

12.   Subsequent Events

 

On January 6, 2017, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on February 9, 2017 to stockholders of record on January 20, 2017.

 

On January 6, 2017, the Company completed the sale of an office property located in Milpitas, California and received net proceeds of approximately $6.2 million at approximately a $2.3 million gain.  The property was classified as an asset held for sale at December 31, 2016.