Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.22.2.2
Subsequent Events
 9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On October 11, 2022, our Board of Directors declared the following monthly distributions for the months of October, November and December of 2022:

 
Record Date Payment Date Common Stock and Non-controlling OP Unit Distributions per Share Series E Preferred Distributions per Share Series G Preferred Distributions per Share
October 21, 2022 October 31, 2022 $ 0.12540  $ 0.138021  $ 0.125 
November 18, 2022 November 30, 2022 0.12540  0.138021  0.125 
December 20, 2022 December 30, 2022 0.12540  0.138021  0.125 
$ 0.37620  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
October November 4, 2022 $ 0.0875 
November December 5, 2022 0.0875 
December January 6, 2023 0.0875 
$ 0.2625 

Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
October 26, 2022 November 4, 2022 $ 0.125 
November 23, 2022 December 5, 2022 0.125 
December 28, 2022 January 6, 2023 0.125 
$ 0.375 

Equity Activity

Subsequent to September 30, 2022 and through November 7, 2022, we raised $0.2 million in net proceeds from the sale of 8,500 shares of Series F Preferred Stock.
Sale Activity

On October 28, 2022, we sold one of our properties in Columbus, Ohio for $2.3 million, resulting in a loss on sale, net, of $0.02 million.

Acquisition Activity

On October 26, 2022, we purchased a 68,674 square foot industrial property in Denver, Colorado for $12.0 million. This property is fully leased to one tenant on a 20.0 year lease.

Financing Activity

On October 26, 2022, we issued $6.6 million of swapped to fixed rate debt in connection with property acquisition on the same date, with a term of 6.9 years and interest rate swapped to 5.90%.

Election of Director

Effective October 11, 2022, Paula Novara was elected to our Board of Directors. Ms. Novara also serves as head of human resources, facilities and office management and IT of the Adviser and certain of its affiliates.