Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
 3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Distributions

On April 12, 2022, our Board of Directors declared the following monthly distributions for the months of April, May and June of 2022:

 
Record Date Payment Date Common Stock and Non-controlling OP Unit Distributions per Share Series E Preferred Distributions per Share Series G Preferred Distributions per Share
April 22, 2022 April 29, 2022 $ 0.12540  $ 0.138021  $ 0.125 
May 20, 2022 May 31, 2022 0.12540  0.138021  0.125 
June 22, 2022 June 30, 2022 0.12540  0.138021  0.125 
$ 0.37620  $ 0.414063  $ 0.375 

Senior Common Stock Distributions
Payable to the Holders of Record During the Month of: Payment Date Distribution per Share
April May 6, 2022 $ 0.0875 
May June 6, 2022 0.0875 
June July 6, 2022 0.0875 
$ 0.2625 

Series F Preferred Stock Distributions
Record Date Payment Date Distribution per Share
April 28, 2022 May 6, 2022 $ 0.125 
May 27, 2022 June 6, 2022 0.125 
June 29, 2022 July 6, 2022 0.125 
$ 0.375 
Equity Activity

Subsequent to March 31, 2022 and through May 4, 2022, we raised $2.0 million in net proceeds from the sale of 91,227 shares of common stock under our Common Stock ATM Program and $0.4 million in net proceeds from the sale of 18,431 shares of Series F Preferred Stock.

Acquisition Activity

On May 4, 2022, we purchased a 260,719 square foot, two property portfolio in Cleveland, Ohio and Fort Payne, Alabama, for $19.3 million. These properties are fully leased to one tenant on a triple net basis with a remaining lease term of 11.4 years.

Financing Activity

On April 27, 2022, we refinanced $14.8 million of fixed rate debt coming due on May 1, 2022 with a new $15.0 million note, collateralized by two properties, at a variable interest rate of Secured Overnight Financing Rate plus 2.50%, subject to a 3.25% minimum, and a two year term.

On May 4, 2022, we issued $10.0 million of fixed rate debt in connection with the two property portfolio acquired on the same date, with a term of 5.0 years and interest rate of 4.0%.