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Subsequent Events | 6 Months Ended
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Jun. 30, 2015
Subsequent Events |
Subsequent Events | 11.Subsequent Events Subsequent to June 30, 2015 the following events occurred. Real Estate Investments: We entered into an agreement to purchase a 10 property portfolio comprised of independent, assisted living and memory care properties totaling 891 units for an aggregate purchase price of $142,000,000. See Note 2. Real Estate Investments for further discussion. Debt Obligations: We borrowed $24,000,000 under our Unsecured Credit Agreement. Accordingly, we have $104,500,000 outstanding under our Unsecured Credit Agreement with $295,500,000 remaining for borrowing. Additionally, we repaid $25,000,000 of scheduled principal payments under our Senior Unsecured Notes. Accordingly, we have $252,467,000 outstanding under our Senior Unsecured Notes. We locked rate under our Prudential shelf agreement on $100,000,000 senior unsecured notes with an annual fixed rate of 4.5%. Additionally, we entered into a $100,000,000 note purchase and private shelf agreement with AIG for a three-year term. See Note 5. Debt Obligations for further discussion. Equity: We declared a monthly cash dividend of $0.17 per share on our common stock for the months of July, August and September, payable on July 31, August 31, and September 30, 2015, respectively, to stockholders of record on July 23, August 21, and September 22, 2015, respectively.

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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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