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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events  
Subsequent Events

11.Subsequent Events

 

Subsequent to September 30, 2016 the following events occurred:

Real Estate Investments: We purchased a parcel of land in Illinois and entered into a development commitment to construct a memory care community. The commitment totals approximately $14,500,000, including the land purchase. 

Equity: We increased our monthly cash dividend approximately 5.6% from $0.18 per share to $0.19 per share and declared monthly cash dividends on our common stock for the months of October,  November and December, payable on October 31, November 30, and December 30, 2016, respectively to stockholders of record on October 21, November 22, and December 22, 2016, respectively.