Quarterly report pursuant to Section 13 or 15(d)

VEREIT Office Assets, Subsequent Events

v3.22.1
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.