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Subsequent Events | 12 Months Ended
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Dec. 31, 2013
Subsequent Events |
Subsequent Events | 17. Subsequent Events We had the following events occur subsequent to the balance sheet date. Real Estate—Owned Properties: We funded $8,828,000 under ongoing real estate investment commitments. Accordingly, we have a remaining commitment of $48,060,000. See Note 6. Real Estate Investments for further discussion on the commitments. Major Operator: We will not be renewing the leases expiring on December 31, 2014 with Extendicare and ALC. We have begun a formal process to re-lease the 37 assisted living properties they lease from us. See Note 3. Major Operator for further discussion. Debt: In January 2014, we borrowed $11,500,000 under our unsecured revolving line of credit. Accordingly, we have $207,500,000 available for borrowing. Equity: We declared a monthly cash dividend of $0.17 per share on our common stock for the months of January, February and March 2014, payable on January 31, February 28, and March 31, 2014, respectively, to stockholders of record on January 23, February 20, and March 21, 2014, respectively. Additionally, we granted 59,000 shares of restricted common stock at $36.81 per share. These shares vest ratably over a three-year period from the grant date.

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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. + References No definition available. + Details
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