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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events  
Subsequent Events

11.      Subsequent Events

As of August 9, 2022, the following events have occurred subsequent to the June 30, 2022 effective date of the condensed consolidated financial statements:

Common Stock Dividend

On July 21, 2022, a dividend in the amount of $0.02 per share was paid to common stock shareholders and operating partnership unit holders of record on July 18, 2022.

Mandatorily Redeemable Preferred Stock Dividend

On July 21, 2022, a dividend in the amount of $0.50 per share was paid to mandatorily redeemable preferred stock shareholders of record on July 18, 2022 for the period from April 21, 2022 through July 20, 2022.

Termination of the Contract to Sell the Clemson Best Western Property

On July 26, 2022, the contract purchaser for the Clemson Best Western Property terminated its contract to purchase the Clemson Best Western Property.