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Subsequent Events
6 Months Ended
Jun. 30, 2014
Subsequent Events  
Subsequent Events

9.                                      Subsequent Events

 

On July 3, 2014, the Company extended the maturity date on an existing Sponsored REIT Loan in the form of a mortgage loan of $33.0 million and entered into a new Sponsored REIT Loan in the form of a secured revolving line of credit for advances of up to $20.0 million with one of the Company’s Sponsored REITs, FSP Energy Tower I Corp.  The maturity date on both loans is July 3, 2015.

 

On July 11 2014, the Board of Directors of the Company declared a cash distribution of $0.19 per share of common stock payable on August 14, 2014 to stockholders of record on July 25, 2014.