Public, non-traded real estate investment trust Signature Office REIT (Signature) recently declared a distribution of $.375 per share. Based on a share purchase price of $25, the distribution amount equates to an annualized yield of 6 percent.
Shareholders of record on March 13 will be paid on or about March 17, 2015.
Self-managed Signature, formerly known as Wells Core Office Income REIT, focuses on core office real estate and currently has a portfolio of 15 office buildings across 8 states.
Announced in November 2014, Signature’s Board of Directors agreed to merge with Griffin Capital Essential Asset REIT creating a $3 billion office and industrial REIT. The transaction is expected to close sometime during the first half of 2015.