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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events  
Subsequent Events

11.Subsequent Events

 

Subsequent to June 30, 2017 the following events occurred:

Debt Obligations: We borrowed $5,000,000 under our unsecured revolving line of credit. Accordingly, we have $50,000,000 outstanding under our unsecured revolving line of credit with $550,000,000 available for borrowing. Additionally, we paid $10,000,000 in regular scheduled principal payments to Prudential. Accordingly, we have $587,898,000 outstanding with Prudential with $46,667,000 available under our shelf agreement with Prudential. 

Equity: We declared a monthly cash dividend of $0.19 per share on our common stock for the months of July, August and September 2017, payable on July 31, August 31, and September 29, 2017, respectively to stockholders of record on July 21, August 23, and September 21, 2017, respectively.