Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

The following events occurred subsequent to December 31, 2015:

Real Estate Investment Activity

From January 1, 2016 through February 23, 2016, the Company disposed of 36 properties for an aggregate gross sales price of $148.3 million and an estimated gain of $15.2 million.

Common Stock Dividend

On February 23, 2016, the Company’s board of directors declared a quarterly cash dividend of $0.1375 per share of common stock (equaling an annualized dividend rate of $0.55 per share) for the first quarter of 2016 to stockholders of record as of March 31, 2016, which will be paid on April 15, 2016. An equivalent distribution by the Operating Partnership is applicable per OP unit.

Preferred Stock Dividend

On February 23, 2016, the Company’s board of directors declared a monthly cash dividend to holders of the Series F Preferred Stock for April 2016 through June 2016 in respect to the periods included in the table below. The corresponding record and payment dates for each month's Series F Preferred Stock dividend are also shown in the table below.  The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.

Period	Record Date	Payment Date
March 15, 2016 - April 14, 2016	April 1, 2016	April 15, 2016
April 15, 2016 - May 14, 2016	May 1, 2016	May 16, 2016
May 15, 2016 - June 14, 2016	June 1, 2016	June 15, 2016