Subsequent Events

9 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On October 2, 2014, in addition to the 10,000,000 shares of the Company's common stock that were sold at the public offering price of $18.60 on September 26, 2014, the Company sold an additional 1,500,000 shares of its common stock at the public offering price of $18.60 pursuant to the exercise of the underwriters’ option to purchase additional shares. For details see "Note 9 – Common Stock."

On October 5, 2014, the Company reached an agreement to sell the membership interests of certain entities that own 19 office properties for a gross sales price of $237.0 million. This portfolio of 19 office properties is part of the Southern U.S. Office Properties Acquisition. For details see "Note 2 – Investment in Office and Parking Properties."

On October 29, 2014, the Company entered into a purchase and sale agreement to acquire One Buckhead Plaza, an office building located in the Buckhead submarket of Atlanta, Georgia, for a gross purchase price of $157.0 million.  Closing is expected to occur during the first quarter of 2015, subject to customary closing conditions.