Subsequent Events |
9 Months Ended |
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Sep. 30, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 15 – Subsequent Events
Distributions
On November 5, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.02 per share for the fourth quarter of 2025, payable on January 15, 2026, to stockholders of record as of December 31, 2025.
Disposition
In October 2025, the Company closed on the simultaneous sale and lease termination for one property located in Fresno, California for a gross sales price of $15.7 million and lease termination proceeds of $2.6 million.
Leasing Activity
During October 2025, the Company completed a 1.5-year lease renewal for approximately 50,000 square feet at its property in San Antonio, Texas. During November 2025, the Company completed a 5.5-year new lease for approximately 7,000 square feet at one of its properties in The Woodlands, Texas.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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