Other Matters

On March 25, 2013, the Company completed an underwritten public offering of 11.0 million shares of its common stock, plus an additional 1.65 million shares of its common stock issued and sold pursuant to the exercise of the underwriters' option to purchase additional shares in full, at the public offering price of $17.25 per share. The net proceeds from the offering, after deducting the underwriting discount and offering expenses, were approximately $209.0 million. The Company used the net proceeds of the common stock offering to redeem in full all of its outstanding 8.00% Series D Cumulative Redeemable Preferred Stock, to fund acquisition opportunities, to repay amounts outstanding from time to time under its senior unsecured revolving credit facility and for general corporate purposes.

On April 25, 2013, the Company redeemed all of its outstanding 8.00% Series D Cumulative Redeemable Preferred Stock. The Company paid $136.3 million to redeem the preferred shares and incurred a charge during the second quarter 2013 of approximately $6.6 million, which represents the difference between the costs associated with the issuances, including the price at which such shares were paid, and the redemption price.

On July 1, 2013, the Company announced the closure of its Jackson, Mississippi office. The Jackson, Mississippi office is being closed due to the Company's plan to consolidate its support functions, including accounting, tax, human resources and information technology, in Florida. The total pre-tax charge to earnings incurred by the Company in the third quarter of 2013 was approximately $3.6 million, and is included in accounts payable and other liabilities on the Company's consolidated balance sheets and in general and administrative expenses on the Company's consolidated statements of operations and comprehensive income (loss). The following table provides additional information regarding the Company's restructuring, including the balance of the liability as of September 30, 2013 and total costs incurred through the period ended September 30, 2013 (in thousands):



Cost Type	Restructuring Costs Liability at December 31, 2012		Restructuring Costs Incurred for the Nine Months Ended September 30, 2013		Cash Payments for the Nine Months Ended September 30, 2013		Restructuring Costs Liability at September 30, 2013		Total Cumulative Restructuring Costs Expected to Be Incurred
Severance - management and other personnel	$	—	$	2,946	$	—	$	2,946	$	3,925
Other	—		689		—		689		739
Total restructuring costs	$	—	$	3,635	$	—	$	3,635	$	4,664

During the third quarter of 2013, an impairment loss of $5.6 million was recognized in connection with the valuation of Mesa Corporate Center, a 106,000 square foot office property located in Phoenix, Arizona, based on the Company’s estimated fair value of the asset.