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Subsequent Events
12 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

Note 22. Subsequent Events

 

In determining subsequent events, management reviewed all activity from January 1, 2013 through the date of filing this Annual Report on Form 10-K.

 On January 25, 2013, the Company’s Board of Directors declared a dividend of $0.05 per share with respect to its common stock as well as an equal distribution per unit on its outstanding OP Units. At the same time, the Board declared dividends of $0.5546875 per share with respect to the Company’s 8.875% Series A Preferred Stock and $0.453125 per share with respect to the Company’s 7.25% Series B Preferred Stock. The distributions are payable on February 20, 2031 to shareholders of record on February 8, 2013.

            See Note 14 – “Shareholders’ Equity” for information relating to the sale, in  February 2013,  of additional shares of the Company’s Series B Preferred Stock, and the announced redemption of the remaining shares of the Company’s Series A Preferred Stock.