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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On April 10, 2020, we sold land in Atlanta for a sale price of $2.8 million and expect to record a loss on disposition of property of $0.1 million.

On April 16, 2020, we acquired development land in Raleigh for a purchase price, including capitalized acquisition costs, of $2.3 million.

On April 28, 2020, the Company declared a cash dividend of $0.48 per share of Common Stock, which is payable on June 8, 2020 to stockholders of record as of May 18, 2020.

See also Note 15 for information regarding the potential impact of the COVID-19 pandemic in future periods. The COVID-19 pandemic could materially and adversely impact or disrupt our financial condition, results of operations, cash flows and performance.