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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events  
Subsequent Events

10.  Subsequent Events

Effective April 1, 2025, the interest rates applicable to the BMO Term Loan, the BofA Term Loan and the Senior Notes permanently increased by 1.00%, from 8.00% per annum to 9.00% per annum.

On April 7, 2025, the Board of Directors of the Company declared a cash distribution of $0.01 per share of common stock payable on May 8, 2025, to stockholders of record on April 17, 2025.

On April 7, 2025, Monument Circle entered into a purchase and sale agreement to sell its property located in Indianapolis, Indiana for a gross sales price of $6.0 million.