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Note 14 - Subsequent Events
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]

14. SUBSEQUENT EVENTS

 

Dispositions

 

We disposed of the following properties subsequent to December 31, 2020:

 

 

•

Waterman Plaza was sold on January 28, 2021 for approximately $3.5 million.

   
 •Garden Gateway was sold on February 19, 2021 for approximately $11.2 million.

 

Notes Payable

 

On September 1, 2020, we extended the maturity of the Polar Note from October 1, 2020 to March 31, 2021 ("Maturity"), as of December 31, 2020, the outstanding principal balance was approximately $7.7 million. During the first quarter of 2021, prior to maturity, the Polar note was paid in full mainly from available cash on hand and proceeds of property sales as noted above.

 

 

Dividends 

 

On February 23, 2021, our Board of Directors declared a dividend of $0.101 per share of Series A Common Stock, payable on  March 16, 2021 to stockholders of record as of  March 9, 2021.