Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.2
Subsequent Events
 6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On July 11, 2023, our Board of Directors declared the following monthly distributions for the months of July, August and September of 2023:

 
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
July 21, 2023 July 31, 2023 $ 0.10  $ 0.138021  $ 0.125 
August 23, 2023 August 31, 2023 0.10  0.138021  0.125 
September 21, 2023 September 29, 2023 0.10  0.138021  0.125 
$ 0.30  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
July August 4, 2023 $ 0.0875 
August September 6, 2023 0.0875 
September October 5, 2023 0.0875 
$ 0.2625 

Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
July 27, 2023 August 4, 2023 $ 0.125 
August 28, 2023 September 6, 2023 0.125 
September 27, 2023 October 5, 2023 0.125 
$ 0.375 

Equity Activity

Subsequent to June 30, 2023 and through August 8, 2023, we raised $0.8 million in net proceeds from the sale of 33,198 shares of Series F Preferred Stock.

Acquisition Activity
On July 10, 2023, we purchased a 7,714 square foot medical office property in Dallas Fort Worth, Texas for $2.9 million. This property is fully leased to one tenant on a 10-year lease.

On July 28, 2023 we purchased a 100,000 square foot industrial property in Cedar Hill, Texas for $9.1 million. This property is fully leased to one tenant on a 20-year lease.

Sale Activity

On July 27, 2023 we sold our 26,080 square foot office property in Pittsburgh, Pennsylvania for $6.8 million. We realized a $3.6 million gain on sale.

Financing Activity

On July 28, 2023 we repaid $6.8 million in fixed rate mortgage debt, collateralized by one property, at an interest rate of 5.00%.

On August 4, 2023 we repaid $28.9 million in fixed rate mortgage debt, collateralized by one property, at an interest rate of 4.81%.