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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On April 20, 2017, the Company declared a cash dividend of $0.44 per share of Common Stock, which is payable on June 6, 2017 to stockholders of record as of May 17, 2017.

On April 24, 2017, we obtained a $100.0 million secured mortgage loan from a third party lender with an effective interest rate of 4.0%. This loan is scheduled to mature in May 2029.

Subsequent to March 31, 2017, we obtained $150.0 million notional amount of forward-starting swaps that effectively lock the underlying treasury rate at 2.44% with respect to a forecasted debt issuance expected to occur prior to May 15, 2018. The counterparties under the swaps are major financial institutions.