Subsequent Events

12 Months Ended

Dec. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Subsequent to December 31, 2018 and in addition to disclosures elsewhere in the financial statements, the Company:

– sold a consolidated property for $79,300;

– acquired two industrial properties for an aggregate purchase price of approximately $58,000;

– repurchased and retired 441,581 common shares at an average price of $8.13 per common share;

– replaced the Company's revolving credit facility and the 2021 term loan with a new revolving credit facility and the continuation of the 2021 term loan, which extended the maturity of the revolving credit facility to February 2023 and reduced the applicable margin rates on the revolving credit facility and 2021 term loan;

– entered into an agreement to purchase upon completion the expansion of the Company's property in Richland, Washington for $67,000; and

– declared a quarterly common share dividend of $0.1025 per common share.