Annual report pursuant to Section 13 and 15(d)

VEREIT Office Assets, Subsequent Events

v3.24.0.1
VEREIT Office Assets, Subsequent Events
12 Months Ended
Dec. 31, 2023
Entity Information [Line Items]  
Subsequent Events
Note 15 – Subsequent Events
Distributions
On February 27, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.10 per share for the first quarter of 2024, payable on April 15, 2024, to stockholders of record as of March 29, 2024.
Leasing Activity
During January 2024, the Company entered into a 17.0-year lease renewal, which includes a 2.0-year period of the stated lease term during which the tenant has the right to vacate their space, or “non-firm term”, for 9,000 square feet at one of its properties in Eagle Pass, Texas and a new 15.0-year lease, which includes an 8.0-year non-firm term, for 86,000 square feet at one of its properties in Lincoln, Nebraska.
VEREIT Office Assets  
Entity Information [Line Items]  
Subsequent Events
Note 5 – Subsequent Events
VEREIT Office Assets evaluated subsequent events and no items have come to the attention of management that require recognition or disclosure, except as set forth below.
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.