Quarterly report pursuant to Section 13 or 15(d)

VEREIT Office Assets, Subsequent Events

v3.22.2
VEREIT Office Assets, Subsequent Events
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Entity Information [Line Items]    
Subsequent Events
Note 15 – Subsequent Events
Distributions
On August 2, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share for the third quarter of 2022, payable on October 17, 2022, to stockholders of record as of September 30, 2022.
Dispositions
During July 2022, we closed on the sale of one additional non-core office property for net proceeds of approximately $5.7 million.
  
VEREIT Office Assets    
Entity Information [Line Items]    
Subsequent Events  
Note 5 – Subsequent Events
VEREIT Office Assets evaluated subsequent events through August 3, 2022 and no items have come to the attention of management that require recognition or disclosure, except as set forth below.
Debt
Subsequent to June 30, 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.