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Subsequent Events | 6 Months Ended
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Jun. 30, 2019
Subsequent Events |
Subsequent Events |
12. | Subsequent Events
Subsequent to June 30, 2019 the following events occurred: Real Estate: We entered into a purchase and sale agreement for the acquisition of a newly constructed 90-bed skilled nursing center located in Missouri for approximately $19,500,000. Additionally, we entered into a separate purchase and sale agreement for the acquisition of a parcel of land and development of a 90-bed skilled nursing center in Missouri. The commitment totals approximately $18,400,000. These transactions are expected to close in the third quarter of 2019. Debt. We borrowed $12,000,000 under our unsecured revolving line of credit. Accordingly, we have $158,900,000 outstanding under our revolving line of credit with $441,100,000 available for borrowing. Also, we paid $8,500,000 in scheduled principal payments. Accordingly, we have $520,438,000 outstanding and $105,500,000 available under our senior unsecured notes. Equity: We declared a monthly cash dividend of $0.19 per share on our common stock for the months of July, August and September 2019, payable on July 31, August 30, and September 30, 2019, respectively to stockholders of record on July 23, August 22, and September 20, 2019, 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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