VEREIT, INC. Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2012-12-27: Form 8-K; Period of report 2012-12-27; Description 7.01 Regulation FD Disclosure; Details 7.01.
- 2012-12-18: Form 8-K; Period of report 2012-12-17; Description 7.01 Regulation FD Disclosure; 8.01 Other Events; Details 7.01.
- 2012-12-17: Form 8-K; Period of report 2012-12-11; Description 1.01 Entry into a Material Definitive Agreement; 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 7.01 Regulation FD Disclosure; 8.01 Other Events; Details 1.01.
- 2012-11-30: Form 8-K; Period of report 2012-11-29; Description 8.01 Other Events; Details 8.01.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2012-12-27 | 8-K | 2012-12-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) has authorized, and the Company declared, an annual dividend of $0.895 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. | v797141-1_8k.htm |
| 2012-12-18 | 8-K | 2012-12-17 | 7.01 Regulation FD Disclosure; 8.01 Other Events | 7.01 On December 17, 2012, American Realty Capital Properties, Inc. (the “Company”) hosted a conference call discussing the Company’s entry into an Agreement and Plan of Merger (the “Merger Agreement”) with American Realty Capital Trust III, Inc., a Maryland corporation (the “Target”), Tiger Acquisition, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Merger Sub”), and the other parties named therein. 8.01 On December 17, 2012, the Company hosted a conference call discussing the Company’s entry into the Merger Agreement with the Target, Merger Sub and the other parties named therein. | v793721_8k.htm |
| 2012-12-17 | 8-K | 2012-12-11 | 1.01 Entry into a Material Definitive Agreement; 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 7.01 Regulation FD Disclosure; 8.01 Other Events | 1.01 On December 14, 2012, American Realty Capital Properties, Inc., a Maryland corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with American Realty Capital Trust III, Inc., a Maryland corporation (the “Target”), Tiger Acquisition, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Merger Sub”), ARC Properties Operating Partnership, L.P., a Delaware limited partnership and the operating partnership of the Company (the “Company Operating Partnership”), and American Realty Capital Operating Partnership III, L.P., a Delaware limited partnership and the operating partnership of the Target (the “Target Operating Partnership”). 5.02 On December 11, 2012, the compensation committee of the Board approved the general terms of a form of Multi-Year Outperformance Plan Agreement (the “OPP”) to be entered into with the Advisor. 7.01 The Company prepared an investor presentation with respect to the contemplated Merger. 8.01 In connection with the consummation of the Partnership Merger, the Amended and Restated Agreement of Limited Partnership of the Company Operating Partnership (the “Company OP Agreement”) will be amended and restated in order to consolidate all outstanding amendments to the Company OP Agreement, and a new class of units called a “Class B Unit” will be established with all the rights of a Target Class B Unit. | v330388_8k.htm |
| 2012-11-30 | 8-K | 2012-11-29 | 8.01 Other Events | 8.01 On November 30, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that it closed the acquisition of five single-tenant, freestanding properties with approximately 79,000 leasable square feet located in four states, at an aggregate purchase price of $12.1 million (exclusive of closing costs). | v784884-1_8k.htm |
| 2012-11-27 | 8-K | 2012-11-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) authorized, and the Company declared, its fourth consecutive quarterly increase to its annual distribution from $0.890 to $0.895 per share per annum. | v782978_8k.htm |
| 2012-10-31 | 8-K | 2012-10-31 | 8.01 Other Events | 8.01 On October 31, 2012, American Realty Capital Properties, Inc. issued a letter to stockholders with respect to its financial results for the three and nine months ended September 30, 2012. | v326922_8k.htm |
| 2012-10-31 | 8-K | 2012-10-29 | 8.01 Other Events | 8.01 On October 29, 2012, American Realty Capital Properties, Inc. (the “Company”) and ARC Properties Operating Partnership, L.P., a Delaware limited partnership of which the Company is the sole general partner, entered into an equity distribution agreement (the “Agreement”) with Deutsche Bank Securities Inc., JMP Securities LLC, Ladenburg Thalmann & Co. Inc., RBS Securities Inc. and Robert W. Baird & Co. Incorporated (each, an “Agent” and collectively, the “Agents”). | v326918_8k.htm |
| 2012-10-29 | 8-K | 2012-10-29 | 2.02 Results of Operations and Financial Condition | 2.02 On October 29, 2012, American Realty Capital Properties, Inc. (the “Company”) issued a press release and supplemental financial information with respect to its financial results for the three and nine months ended September 30, 2012. | v765738_8k.htm |
| 2012-10-26 | 8-K | 2012-10-26 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) has authorized, and the Company declared, an annual dividend of $0.890 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. | v765728_8k.htm |
| 2012-10-23 | 8-K | 2012-10-23 | 8.01 Other Events | 8.01 On October 23, 2012, American Realty Capital Properties, Inc. (the “Company”) announced its property acquisitions since July 1, 2012 and provided a summary of its overall portfolio. | v762625_8k.htm |
| 2012-10-17 | 8-K | 2012-10-16 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 Effective October 16, 2012, Edward G. Rendell and David Gong resigned as member of the board of directors of American Realty Capital Properties, Inc. (the “Company”). | v759298_8k.htm |
| 2012-10-02 | 8-K | 2012-10-02 | 8.01 Other Events | 8.01 On October 2, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that it plans to issue its third quarter financial results on Monday, October 29, 2012 and host its third quarter conference call and webcast on Tuesday, October 30, 2012 at 10:30 a.m. | v750129_8k.htm |
| 2012-10-01 | 8-K | 2012-09-30 | 8.01 Other Events | 8.01 On October 1, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that, on September 30, 2012, its board of directors authorized and the Company declared an increase to its annual dividend. | v749489_8k.htm |
| 2012-10-01 | 8-K | 2012-09-28 | 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 8.01 Other Events | 2.03 On September 28, 2012, American Realty Capital Properties, Inc. (the “Company”) increased its aggregate commitments under its existing senior secured revolving credit facility with RBS Citizens, N.A. to $110.0 million. 8.01 On October 1, 2012, the Company announced that, on September 28, 2012, it closed on the acquisition of three CVS pharmacies located in Georgia (Alpharetta and Vidalia) and Nashville, Tennessee and an Iron Mountain information storage warehouse located in Columbus, Ohio for an aggregate contract purchase price of $9.5 million, exclusive of closing costs. | v324738_8k.htm |
| 2012-09-27 | 8-K | 2012-09-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.890 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. | v748032_8-k.htm |
| 2012-09-11 | 8-K | 2012-09-10 | 8.01 Other Events | 8.01 On September 10, 2012, American Realty Capital Properties, Inc. issued a press release announcing approximately $15.2 million of additional acquisitions under contract. | v323430_8k.htm |
| 2012-08-31 | 8-K | 2012-08-30 | 8.01 Other Events | 8.01 On August 30, 2012, American Realty Capital Properties, Inc. issued a press release announcing approximately $5.6 million of properties under contract. | v322837_8k.htm |
| 2012-08-27 | 8-K | 2012-08-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) authorized and the Company declared its third consecutive quarterly increase to the Company’s annual distribution from $0.885 to $0.890 per share per annum. | v322459_8k.htm |
| 2012-08-17 | 8-K | 2012-08-16 | 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant | 2.01 On August 16, 2012, American Realty Capital Properties, Inc. (the “Company”), through an indirect wholly owned subsidiary, closed on the acquisition of the fee-simple interest in a Reckitt Benckiser - French's Mustard headquarters office building located in Chester, NJ. 2.03 On August 16, 2012, the Company, through its indirect wholly owned subsidiaries, entered into a $5.5 million commercial real estate term loan with Customers Bank (the “Customers Bank Mortgage Loan”) to provide financing for the Reckitt Benckiser - French's Mustard headquarters office building described above. | v321832_8k.htm |
| 2012-08-01 | 8-K | 2012-07-30 | 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics; 8.01 Other Events | 5.05 On July 30, 2012, the board of directors of American Realty Capital Properties, Inc. (the “Company“) approved a revised Code of Ethics (“Code”). 8.01 On August 1, 2012, the Company filed a universal shelf registration statement and a resale registration statement with the Securities and Exchange Commission (“SEC”). | v319996_8k.htm |
| 2012-08-01 | 8-K | 2012-07-31 | 2.02 Results of Operations and Financial Condition | 2.02 On July 31, 2012, American Realty Capital Properties, Inc. issued a press release, supplemental financial information, a presentation and a letter to shareholders with respect to its financial results for the three and six months ended June 30, 2012. | v319854_8k.htm |
| 2012-07-30 | 8-K | 2012-07-24 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modification to Rights of Security Holders | 1.01 Entry into a Material Definitive Agreement. 3.02 On July 24, 2012, American Realty Capital Properties, Inc. (the “Company”) sold 283,018 shares of the Company’s Series B Convertible Preferred Stock (the “Preferred Shares”), pursuant to a securities purchase agreement with an unaffiliated third party that is an “accredited investor,” as that term is defined in Regulation D as promulgated under the Securities Act, for an aggregate purchase price of approximately $3.0 million. 3.03 The disclosure provided above in Item 3.02 of this Current Report on Form 8-K is hereby incorporated into this Item 3.03 in its entirety. | v319804_8k.htm |
| 2012-07-26 | 8-K | 2012-07-26 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the board of directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.885 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. | v319606_8k.htm |
| 2012-07-11 | 8-K | 2012-07-11 | 8.01 Other Events | 8.01 On July 11, 2012, American Realty Capital Properties, Inc. (the “Company”) issued a press release announcing the acquisition of the fee-simple interest in a Mrs. Baird’s distribution facility located in Dallas, Texas. | v318306_8k.htm |
| 2012-07-09 | 8-K | 2012-07-02 | 8.01 Other Events | 8.01 On July 2, 2012, the representatives of the underwriters delivered a notice to American Realty Capital Properties, Inc. (the “Company”) indicating that the underwriters were exercising their option to purchase their full over-allotment option, or 487,500 shares of common stock. | v317901_8k.htm |
| 2012-07-06 | 8-K | 2012-07-06 | 8.01 Other Events | 8.01 On July 6, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that members of its executive management team will ring the opening bell at NASDAQ on Monday, July 9, 2012. | v317930_8k.htm |
| 2012-06-27 | 8-K | 2012-06-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.885 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month. | v317150_8k.htm |
| 2012-06-22 | 8-K | 2012-06-21 | 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 8.01 Other Events | 1.01 Entry into a Material Definitive Agreement. 2.01 On January 5, 2012, we, through our sponsor, entered into a purchase and sale agreement to acquire the fee-simple interest in a U.S. Drug Enforcement Administration building located in Plattsburgh, New York. 8.01 On June 20, 2012, the Company’s board of directors authorized and the Company declared an increase to the Company’s annual dividend. | v316670_8k.htm |
| 2012-06-18 | 8-K | 2012-06-18 | 8.01 Other Events | 8.01 On June 18, 2012, American Realty Capital Properties, Inc. (the “Company”) issued a press release announcing the closing of its previously announced underwritten public offering of 3,250,000 shares of the Company’s common stock, par value $0.01 per share at a price of $10.00 per share (before underwriting discounts and commissions). | v316286_8k.htm |
| 2012-06-13 | 8-K | 2012-06-13 | 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure | 1.01 Entry into a Material Definitive Agreement. 7.01 On June 13, 2012, the Company issued a press release announcing the pricing of its public offering of 3,250,000 shares of its common stock. | v315953_8k.htm |
| 2012-06-12 | 8-K | 2012-06-12 | 8.01 Other Events | 8.01 On June 12, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that it intends to offer, subject to market and other conditions, 3,000,000 shares of its common stock. | v315927_8k.htm |
| 2012-06-12 | 8-K | 2012-06-12 | 5.07 Submission of Matters to a Vote of Security Holders | 5.07 American Realty Capital Properties, Inc. (the “Company”) held its 2012 Annual Meeting of Stockholders on June 6, 2012. | v315898_8k.htm |
| 2012-06-06 | 8-K | 2012-06-06 | 8.01 Other Events | 8.01 On June 6, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that it will participate in REITWeek 2012, NAREIT’s Investor Forum, in New York, New York, on June 12—14, 2012. | v315360_8k.htm |
| 2012-06-01 | 8-K | 2012-05-31 | 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 3.02 Unregistered Sales of Equity Securities | 2.01 On May 31, 2012, American Realty Capital Properties, Inc. (the “Company”) closed its acquisition of the fee-simple interest in six built-to-suit FedEx Freight distribution facilities located in the cities and states listed below, at an aggregate contract purchase price of approximately $12.2 million, exclusive of closing costs. 2.03 The Company funded a portion of the acquisition of the FedEx Freight distribution facilities and the John Deere distribution facility through a $25.4 million draw on its existing $150 million senior secured revolving credit facility with RBS Citizens, N.A., as described in Item 2.01 of this Current Report on Form 8-K and is incorporated herein by reference. 3.02 On May 31, 2012, the Company, through its operating partnership, closed the issuance of 576,376 operating partnership units (the “OP Units”) valued at approximately $6.4 million to Setzer as partial consideration for the acquisition of the FedEx Freight distribution facilities described above. | v315092_8-k.htm |
| 2012-05-29 | 8-K | 2012-05-29 | 8.01 Other Events | 8.01 American Realty Capital Properties, Inc. (the “Company”) announced today its inclusion in the MSCI US Micro Cap Index, which represents microcap companies in the U.S. equity market and targets for inclusion the bottom 1.5% of the U.S. equity market capitalization. | v314792_8k.htm |
| 2012-05-29 | 8-K | 2012-04-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.885 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. | v314778_8k.htm |
| 2012-05-15 | 8-K | 2012-05-15 | 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modification to Rights of Security Holders | 3.02 On May 11, 2012, American Realty Capital Properties, Inc. (the “Company”) sold 545,454 shares of the Company’s Series A Convertible Preferred Stock (the “Preferred Shares”), pursuant to the previously disclosed Securities Purchase Agreement with an unaffiliated third party that is an “accredited investor,” as that term is defined in Regulation D as promulgated under the Securities Act of 1933, as amended, (the “Securities Act”) for an aggregate purchase price of $6.0 million. 3.03 The disclosure provided above in Item 3.02 of this Current Report on Form 8-K is hereby incorporated into this Item 3.03 in its entirety. | v313466_8k.htm |
| 2012-05-09 | 8-K | 2012-05-08 | 2.02 Results of Operations and Financial Condition | 2.02 On May 8, 2012, American Realty Capital Properties, Inc. (the “Company”) issued a press release with respect to its financial results for the three months ended March 31, 2012. | v312255_8k.htm |
| 2012-05-08 | 8-K | 2012-05-08 | 8.01 Other Events | 8.01 American Realty Capital Properties, Inc. (the “Company”) filed a definitive proxy statement with the Securities and Exchange Commission (“SEC”) on May 4, 2012. | v312308_8-k.htm |
| 2012-05-07 | 8-K | 2012-05-03 | 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modification to Rights of Security Holders | 1.01 Entry into a Material Definitive Agreement. 3.02 The information set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 3.02 in its entirety. 3.03 The disclosure provided above in Item 1.01 is incorporated by reference into this Item 3.03. | v312141_8-k.htm |
| 2012-05-02 | 8-K | 2012-05-02 | 8.01 Other Events | 8.01 On May 2, 2012, American Realty Capital Properties, Inc. (the “Company”) announced that it plans to issue its first quarter financial results on Tuesday, May 8, 2012 and host its first quarter conference call and webcast on Wednesday, May 9, 2012 at 10:00 a.m. | v311678_8k.htm |
| 2012-04-27 | 8-K | 2012-04-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.880 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. | v310887_8k.htm |
| 2012-04-18 | 8-K | 2012-04-17 | 8.01 Other Events | 8.01 Effective in April 2012, American Realty Capital Properties, Inc. (the “Company”) appointed Computershare, Inc. and Computershare Trust Company, N.A. (collectively, “Computershare”) to serve as the Company’s transfer agent and registrar. | v309756_8-k.htm |
| 2012-03-29 | 8-K | 2011-03-29 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.880 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. | v307848_8k.htm |
| 2012-03-27 | 8-K | 2012-03-27 | 8.01 Other Events | 8.01 On March 27, 2012, American Realty Capital Properties, Inc. (“ARCP”) announced that, due to technical difficulties, it has rescheduled its conference call to discuss operating results for the fiscal year ended December 31, 2011, which was originally scheduled at 3:00 pm ET on March 26, 2012. | v307427_8k.htm |
| 2012-03-20 | 8-K | 2011-03-19 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On March 19, 2012, the Company issued a press release attached hereto as Exhibit 99.1 announcing its results of operations for the fiscal year ended December 31, 2011. 7.01 As disclosed in Item 2.02 above, on March 19, 2012, the Company issued a press release attached hereto as Exhibit 99.1 announcing its results of operations for the fiscal year ended December 31, 2011. | v306518_8k.htm |
| 2012-03-19 | 8-K | 2012-03-19 | 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events | 1.01 Entry into a Material Definitive Agreement. 8.01 On March 16, 2012, the Company’s board of directors authorized and the Company declared an increase to the Company’s annual dividend. | v306498_8k.htm |
| 2012-03-01 | 8-K | 2012-03-01 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 Effective March 1, 2012, William M. Kahane resigned as President, Chief Operating Officer, Treasurer and a member of the Board of Directors of American Realty Capital Properties, Inc. (the “Company”), as a result of Mr. Kahane’s appointment as President and Chief Executive Officer of American Realty Capital Trust, Inc. (“ARCT”), which may compete with the Company for acquisition opportunities. | v304387_8k.htm |
| 2012-02-27 | 8-K | 2012-02-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) has authorized and the Company declared an annual dividend of $0.880 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. | v303878_8k.htm |
| 2012-01-30 | 8-K | 2012-01-27 | 7.01 Regulation FD Disclosure | 7.01 As previously disclosed, on September 7, 2011, the Board of Directors of American Realty Capital Properties, Inc. (the “Company”) authorized and the Company declared an annual dividend of $0.875 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. | v300678_8k.htm |
| 2012-01-23 | 8-K | 2012-01-23 | 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 8.01 Other Events | 2.01 On January 19, 2012, American Realty Capital Properties, Inc. (the “Company”) closed its acquisition of a fee simple interest in a Walgreens drug store located at 25016 Gratiot Avenue in Eastpointe, Michigan, at a contract purchase price of $3.8 million, excluding closing costs. 2.03 On January 19, 2012, the Company drew an additional $2.8 million on its existing $150 million senior secured revolving credit facility with RBS Citizens, N.A. This funding was collateralized by the Walgreens property described in this Current Report on Form 8-K. The terms of the revolving credit facility are set forth in the Company’s Registration Statement on Form S-11 filed on September 22, 2011 and the credit agreement was filed as Exhibit 10.21 to such filing. 8.01 On January 19, 2012, the Company announced the tax treatment for distributions taxable in 2011 on its common stock. | v300111_8k.htm |
| 2012-01-12 | 8-K | 2012-01-10 | 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; 8.01 Other Events | 2.01 On January 10, 2012, American Realty Capital Properties, Inc. (the “Company”) closed its acquisition of a fee simple interest in a Social Security Administration building located in Freeport, New York, at a contract purchase price of $4.9 million, excluding closing costs. 2.03 On January 10, 2012, the Company drew an additional $3.7 million on its existing $150 million senior secured revolving credit facility with RBS Citizens, N.A. This funding was collateralized by the Social Security Administration property and a Walgreens drug store located in Myrtle Beach, South Carolina. 8.01 On January 12, 2012, the Company’s Board of Directors authorized and the Company declared an increase to the Company’s annual dividend. | v245381_8k.htm |
| 2012-01-05 | 8-K | 2012-01-05 | 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant | 1.01 Entry into a Material Definitive Agreement. 2.01 On December 29, 2011, the Company closed its acquisition of a ground leasehold interest in a Walgreens drug store located at 300 Kings Highway South in Myrtle Beach, South Carolina, at a contract purchase price of approximately $2.4 million, excluding closing costs. 2.03 On December 29, 2011, the Company, through its indirect wholly owned subsidiaries, entered into a $4.5 million commercial real estate term loan with First Place Bank (the “First Place Bank Mortgage Loan”) to provide post-acquisition funding for four Advance Auto stores located in Michigan (Livonia, Sault Ste. Marie, Caro and Charlotte) and seven Dollar General stores located in Missouri (Ellsinore, Lilbourn, Steele, Qulin, Strafford, Hallsville and Carterville). | v244711_8k.htm |