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Subsequent Events | 12 Months Ended
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Dec. 31, 2011
Subsequent Events |
Subsequent Events |
12. Subsequent Events On January 13, 2012, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on February 16, 2012 to stockholders of record on January 27, 2012. On February 1, 2012, the Company entered into a Sponsored REIT Loan in the form of a secured revolving line of credit of up to $15.0 million with an entity that is wholly-owned by one of our Sponsored REITs, FSP Galleria North Corp. On February 8, 2012, the Company made a $120,000 advance pursuant to that Sponsored REIT Loan.

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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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