Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Acquisitions

On July 1, 2020, we acquired a three-property portfolio located at 11308-11350 Penrose Street, 11076-11078 Fleetwood Street and 11529-11547 Tuxford Street in Sun Valley, California for a contract price of $35.1 million. The portfolio consists of four multi-tenant buildings with a combined 207,374 rentable square feet.

On July 1, 2020, we acquired the property located at 15650-15700 South Avalon Boulevard in Los Angeles, California for a contract price of $28.1 million. The property consists of two buildings with a combined 166,088 rentable square feet.

On July 17, 2020, we acquired the property located at 12133 Greenstone Avenue in Santa Fe Springs, California for a contract price of $5.5 million. The property consists of one single-tenant building with 12,586 rentable square feet.

Dividends Declared

On July 20, 2020, our board of directors declared the following quarterly cash dividends/distributions:

Security	Amount per Share/Unit		Record Date	Payment Date
Common stock	$	0.215	September 30, 2020	October 15, 2020
OP Units	$	0.215	September 30, 2020	October 15, 2020
5.875% Series A Cumulative Redeemable Preferred Stock	$	0.367188	September 15, 2020	September 30, 2020
5.875% Series B Cumulative Redeemable Preferred Stock	$	0.367188	September 15, 2020	September 30, 2020
5.625% Series C Cumulative Redeemable Preferred Stock	$	0.351563	September 15, 2020	September 30, 2020
4.43937% Cumulative Redeemable Convertible Preferred Units	$	0.505085	September 15, 2020	September 30, 2020
4.00% Cumulative Redeemable Convertible Preferred Units	$	0.45	September 15, 2020	September 30, 2020