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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2013
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

 

NOTE 13—SUBSEQUENT EVENTS

        Subsequent events have been evaluated and except as disclosed below and in Note 4 (Sales of Properties), there were no other events relative to our consolidated financial statements that require additional disclosure.

        On January 15, 2014, 118,850 shares were issued as restricted share grants having an aggregate value of approximately $2,478,000 and will vest in January 2019.

        On March 13, 2014, the Board of Directors declared a quarterly cash dividend of $.37 per share on the Company's common stock, totaling $5,872,000. The quarterly dividend is payable on April 3, 2014 to stockholders of record on March 25, 2014.