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Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 8, 2022, the Company acquired one industrial property in Redmond, Washington, for a total purchase price of approximately $9.8 million. The property was acquired from an unrelated third party using existing cash on hand.
On April 18, 2022, the Company acquired one industrial property in Newark, New Jersey, for a total purchase price of approximately $17.3 million. The property was acquired from an unrelated third party using existing cash on hand.
On May 2, 2022, the Company sold one industrial property consisting of 18 buildings in Bound Brook, New Jersey, for a total sales price of $110.4 million (net book value of approximately $30.6 million).
On May 3, 2022, the Company’s board of directors declared a cash dividend in the amount of $0.34 per share of its common stock payable on July 14, 2022 to the stockholders of record as of the close of business on June 30, 2022.