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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

10.  Subsequent Events

On July 5, 2024, the Board of Directors of the Company declared a cash distribution of $0.01 per share of common stock payable on August 8, 2024, to stockholders of record on July 19, 2024.

On July 8, 2024, the Company sold a property located in Glen Allen. Virginia for a gross selling price of $31.0 million at a loss of approximately $13.2 million, which had been recorded as an impairment as of June 30, 2024. On July 10, 2024, the Company used proceeds of $25.3 million, or 90% of the net proceeds from the disposition, to repay outstanding indebtedness.