Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In addition to other subsequent events discussed elsewhere within the footnotes, the following subsequent events warranted disclosure:

On January 21, 2016, the operating partnership closed on the sale of 47700 Kato Road and 1055 Page Avenue, two adjacent non-data center properties totaling 199,000 square feet in Fremont, California for $37.5 million. The sale generated net proceeds of $35.8 million, and we will recognize a gain on the sale of approximately $1.2 million in the first quarter of 2016. The properties were identified as held for sale as of December 31, 2015. 47700 Kato Road and 1055 Page Avenue were not a significant component of our U.S. portfolio nor does the sale represent a significant shift in the Company's strategy.

On February 17, 2016, the Company declared the following dividends per share. The Operating Partnership will make an equivalent distribution per unit.

Share / Unit Class	Series E Preferred Stock and Unit		Series F Preferred Stock and Unit		Series G Preferred Stock and Unit		Series H Preferred Stock and Unit		Series I Preferred Stock and Unit		Common stock and common unit
Dividend and distribution amount	$	0.437500	$	0.414063	$	0.367188	$	0.460938	$	0.396875	$	0.880000
Dividend and distribution payable date	March 31, 2016		March 31, 2016		March 31, 2016		March 31, 2016		March 31, 2016		March 31, 2016
Dividend and distribution payable to holders of record on	March 15, 2016		March 15, 2016		March 15, 2016		March 15, 2016		March 15, 2016		March 15, 2016
Annual equivalent rate of dividend and distribution	$	1.750	$	1.656	$	1.469	$	1.844	$	1.588	$	3.520