Signature Office REIT, Inc. (the REIT), formerly known as Wells Core Office Income REIT, declared its first quarter distribution of $.375 per share. The public, non-traded REIT became self managed January 1, 2014.
Distributions will be paid on March 18, 2014 to shareholders of record as of March 15, 2014.
The REIT’s portfolio consists of 15 office buildings in 8 states. It commenced its primary offering in June of 2010 and after raising approximately $520 million, closed June of 2013.
Pursuant to its charter, the REIT is required to list its shares on a national stock exchange or seek stockholder approval to either extend the listing deadline or begin to liquidate its assets by July 2020.