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Subsequent Events
12 Months Ended
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.