Subsequent Events

9 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Subsequent to September 30, 2015 and in addition to disclosures elsewhere in the unaudited condensed consolidated financial statements, the Company:

• repurchased 288,344 common shares for $2,320;

• entered into an agreement for an office property build-to-suit project in Charlotte, North Carolina, subject to a 15-year net lease at an 8.3% initial capitalization rate and 2.0% annual escalations, for a maximum commitment of $62,445, which is expected to be completed in the first quarter of 2017;

• borrowed $152,000 under its unsecured revolving credit facility in anticipation of the acquisition of the Richland, Washington industrial build-to-suit facility; and

• locked a 4.0% fixed interest-rate on a 10-year, $110,000 non-recourse mortgage financing for the Richland, Washington property discussed above; however, no assurances can be given that such acquisition or financing will be consummated.