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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events  
Subsequent Events

9.     Subsequent Events

 

On July 13, 2012, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on August 16, 2012 to stockholders of record on July 27, 2012.

 

On July 5, 2012, the Company made and funded a Sponsored REIT Loan in the form of a first mortgage loan in the principal amount of $33,000,000 to an entity that is a wholly-owned subsidiary of a Sponsored REIT, FSP Energy Tower I Corp.

 

On July 26, 2012, the Company made a $1.0 million advance pursuant to a Sponsored REIT Loan with a wholly-owned subsidiary of FSP Galleria North Corp.

 

On July 27, 2012, the Company’s Sponsored REIT Loan to FSP 50 South Tenth Street Corp. was repaid in its entirety and proceeds of $106,200,000 were received, together with an exit fee of $520,380.

 

On July 31, 2012, the Company acquired an office property with approximately 387,000 square feet for approximately $52.8 million in Atlanta, Georgia.