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Subsequent Events
9 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
Subsequent Events
Subsequent Events
Declaration of Dividends
Our board of directors declared the following dividends at its regularly scheduled board meeting held on October 26, 2011:
 
Class
Quarterly
Amount/Share
 
Record Date
 
Payment Date
Common
$0.17
 
November 16, 2011
 
November 30, 2011
Preferred (per depositary share):

 

 

Series J
$0.414063
 
November 16, 2011
 
November 30, 2011
Series K
$0.406250
 
November 16, 2011
 
November 30, 2011
Series L
$0.412500
 
November 16, 2011
 
November 30, 2011
Series M
$0.434375
 
December 16, 2011
 
December 31, 2011
Series O
$0.523438
 
December 16, 2011
 
December 31, 2011


Portfolio Disposition Agreement
On October 20, 2011, we entered into a Purchase and Sale Agreement (the "Purchase Agreement"), pursuant to which we will sell a real estate portfolio consisting of 82 buildings that have an aggregate of 10.1 million square feet and comprise nearly all of our wholly owned office properties located in Atlanta, Chicago, Columbus, Dallas, Minneapolis, Orlando and Tampa. The purchase price, which was determined through arm's length negotiations between us and the buyer, will be $1.08 billion and we expect to recognize a net gain on sale. As of October 20, 2011, the Buyer had paid a nonrefundable earnest money deposit of $40.0 million. The closing of the transactions contemplated by the Purchase Agreement is subject to the satisfaction of certain customary closing conditions. Although there are no assurances that the conditions will be met or that the transaction will be consummated, the parties to the Purchase Agreement anticipate that the closing will occur on or about December 1, 2011.