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Subsequent Events
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Note 21 — Subsequent Events
The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements, except for the following events:
On February 1, 2016, the Company issued 2,515,406 shares of its common stock upon redemption of 2,515,406 OP units held by certain individuals who are members of the Advisor and Sponsor.
On February 2, 2016, the Company closed on the sale of its Duane Reade property for a contract sale price of $12.6 million, exclusive of closing costs. At closing, the Company repaid a mortgage note payable securing the property of $8.4 million.
On February 17, 2016, the Company closed on the sale of its property located at 1623 Kings Highway for a contract sale price of $17.0 million, exclusive of closing costs. At closing, the Company repaid a mortgage note payable securing the property of $7.3 million.