On July 2, 2019, the Company declared a quarterly dividend of $1.00 per common share. The dividend was paid on July 26, 2019 to shareholders of record on July 16, 2019. The total dividend paid amounted to $46.7 million.

On July 2, 2019, the Company sold 32 non-strategic self-storage facilities to an unrelated third-party in exchange for cash consideration of $208.8 million, which is net of related costs. The sale resulted in a gain of approximately $101 million which will be reflected in the Company’s results for the third quarter of 2019. The Company considered the guidance in ASC 360-10-45-9 and concluded that this group of 32 self-storage facilities, which is not considered by management to be an individually significant component of the Company under the applicable accounting guidance, was considered held for sale at June 30, 2019. The carrying amounts of the major classes of assets and liabilities related to these 32 self-storage facilities at June 30, 2019 are as follows:

(in thousands)
Land	$	21,816
Building, equipment, and construction in progress	$	132,415
Accumulated depreciation	$	45,515
Cash and cash equivalents	$	110
Accounts receivable	$	118
Other assets	$	56
Accounts payable and accrued liabilities	$	1,030
Deferred revenue	$	361

Subsequent to June 30, 2019, the Company entered into contracts to acquire six self-storage facilities for an aggregate purchase price of $76.1 million. One of these facilities was leased by the Company at June 30, 2019. The purchases of these facilities are subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.