Dividend Reinvestment and Stock Purchase Plan

3 Months Ended

Mar. 31, 2012

Dividend Reinvestment and Stock Purchase Plan [Abstract]

Dividend Reinvestment and Stock Purchase Plan

18.    Dividend Reinvestment and Stock Purchase Plan

In March 2011, we established a Dividend Reinvestment and Stock Purchase Plan, or The Plan, to provide our common stockholders, as well as new investors, with a convenient and economical method of purchasing our common stock and/or reinvesting their distributions. The Plan also allows our current stockholders to buy additional shares of common stock by reinvesting all or a portion of their distributions. The Plan authorizes up to 6,000,000 common shares to be issued.  During the first three months of 2012, we issued 21,012 shares and received net proceeds of approximately $736,000 under The Plan.  Since inception of the Plan, we have issued 80,617 shares and raised net proceeds of approximately $2.7 million.