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Subsequent events
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent events

Note 16. Subsequent events

Subsequent acquisitions

From January 1, 2014 through March 7, 2014, we acquired approximately 1,863 properties with an aggregate purchase price of approximately $253,806,000. We expect that our level of acquisition activity will fluctuate based on the number of suitable investments and on the level of funds available for investment.

Borrowings on Credit Facility

From January 1, 2014 through March 7, 2014, the Company borrowed an additional $234,000,000 under the credit facility and made payments on the credit facility totaling $25,000,000. On March 7, 2014, the loan had an outstanding balance of $584,000,000 (see Note 5).

Announcement of Resignation of Chief Financial Officer

On February 17, 2014, Peter J. Nelson, Chief Financial Officer, informed us that he would resign his position with the company, after a transition period, to pursue other career interests. We have begun the process of identifying Mr. Nelson’s successor. Mr. Nelson is expected to remain with us into the second quarter to complete our year-end financial reporting and to provide for an orderly transition for his successor.