VEREIT Office Assets, Subsequent Events |
3 Months Ended |
---|---|
Mar. 31, 2022 | |
Entity Information [Line Items] | |
Subsequent Events |
Note 15 – Subsequent Events
Distributions On May 3, 2022, the Company’s Board of Directors declared a quarterly dividend of $0.10 per share for the second quarter of 2022, payable on July 15, 2022, to stockholders of record as of June 30, 2022.
|
VEREIT Office Assets | |
Entity Information [Line Items] | |
Subsequent Events |
Note 5 – Subsequent Events
VEREIT Office Assets evaluated subsequent events through May 4, 2022 and no items have come to the attention of management that require recognition or disclosure, except as set forth below.
Property Acquisition
Subsequent to March 31, 2021, VEREIT Office Assets contributed $2.2 million to the unconsolidated joint venture, which acquired one property for a gross purchase price of $26.4 million.
Debt
Subsequent to March 31, 2021, each of the outstanding mortgage notes of VEREIT Office Assets were repaid in full by VEREIT on behalf of VEREIT Office Assets.
Mergers, Separation and Distribution
On November 1, 2021, the Mergers were completed. Following the Merger Effective Time, the Separation was completed. On November 12, 2021, following the Separation, the Distribution was completed.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Details
|