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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and determined that there have not been any events that have occurred that would require adjustments to, or disclosures in the consolidated financial statements, except for as previously disclosed or disclosed below.
Subsequent to the nine months ended September 30, 2016, the Company has sold 27 properties, as summarized in the table below:
Portfolio
 
State
 
Disposition Date
 
Number of Properties
 
Square Feet
 
Contract Sales Price
 
 
 
 
 
 
 
 
 
 
(In thousands)
Dollar General - Choctaw
 
Oklahoma
 
October 13, 2016
 
1
 
9,100

 
$
1,497

Family Dollar - 8-Pack
 
Florida
 
October 13, 2016
 
8
 
63,510

 
13,239

Dollar General - Allentown
 
Pennsylvania
 
October 24, 2016
 
1
 
9,026

 
1,699

Dollar General - Union Township
 
Pennsylvania
 
October 27, 2016
 
1
 
9,014

 
1,635

Dollar General - 15-Pack
 
Pennsylvania
 
October 28, 2016
 
15
 
145,938

 
21,661

Fresenius I
 
South Carolina
 
November 2, 2016
 
1
 
10,155

 
4,756

Total
 
 
 
 
 
27
 
246,743

 
$
44,487


The sale of these properties did not represent a strategic shift that has a major effect on the Company’s operations and financial results. Accordingly, the results of operations of the Company remain classified within continuing operations for all periods presented until the respective dates of their sale. In addition to the 24 properties considered as assets held for sale as of September 30, 2016, the Company has sold three properties (Dollar General - Allentown, Dollar General - Union Township and Fresenius I). The Company currently has three properties under purchase and sales contract and three properties that are currently being marketed and/or have an active bid and are not included in the assets held for sale classification as of September 30, 2016.
On October 31, 2016, the Company purchased Euro and British Pound Sterling denominated foreign currency put options hedging notional amounts of €6.3 million and £3.4 million, respectively.  These options give the Company the right, but not the obligation to convert British Pounds and Euros into US dollars at agreed upon strike rates and as such can never become liabilities to the Company. The premiums paid for the options totaled $0.5 million.
We have filed with the SEC a Registration Statement on Form S-4 relating to the Merger Agreement entered into with Global II, which the SEC declared effective as of November 8, 2016.