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Subsequent Events
9 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
Distributions to Stockholders
Distributions equal to a daily amount of $0.00183562 per share of common stock or OP unit outstanding were paid subsequent to September 30, 2017, to the stockholders and OP unit holders of record from September 1, 2017, through October 31, 2017, as follows (in thousands):
Distribution Period
 
Date Distribution Paid
 
Gross Amount of Distribution Paid
 
Distribution Reinvested through the DRIP
 
Net Cash Distribution
September 1, 2017, through September 30, 2017
 
10/2/2017
 
$
10,145

 
$
4,301

 
$
5,844

October 1, 2017, through October 31, 2017
 
11/1/2017
 
12,541

 
4,415

 
8,126


In November 2017 our Board authorized distributions to the stockholders and OP unit holders of record at the close of business each day in the period commencing December 1, 2017 through December 31, 2017, equal to a daily amount of $0.00183562 per share of common stock or OP unit. They also authorized distributions for January 2018 and February 2018 to the stockholders and OP unit holders of record at the close of business on January 16, 2018 and February 15, 2018, respectively, equal to a monthly amount of $0.05583344 per share of common stock or OP unit. The monthly distribution rate will result in the same annual distribution amount as the current, daily distribution rate.
Acquisitions
Subsequent to September 30, 2017, we acquired the following properties (dollars in thousands):
Property Name
 
Location
 
Anchor Tenant
 
Acquisition Date
 
Contractual Purchase Price
 
Square Footage
 
Leased % of Rentable Square Feet at Acquisition
Winter Springs Town Center
 
Winter Springs, FL
 
Publix
 
10/20/2017
 
$24,870
 
118,735
 
91.9%
Flynn Crossing Center
 
Alpharetta, GA
 
Publix
 
10/26/2017
 
$23,691
 
95,002
 
96.0%