Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events

Subsequent Events

23.   Subsequent Events

In July 2013, we declared the following dividends, which will be paid in August 2013:

- $0.1815417 per share to our common stockholders;

- $0.140625 per share to our Class E preferred stockholders; and

- $0.138021 per share to our Class F preferred stockholders.

The Compensation Committee of our Board of Directors approved, effective July 1, 2013, the accelerated vesting of each restricted stock award that had originally been granted with ten-year vesting to five years.  On July 1, 2013, 212,827 restricted shares vested as a result of this acceleration.

In July 2013, we issued $750 million of 4.65% senior unsecured notes due August 2023, or the 2023 Notes.  The price to the investors for the 2023 Notes was 99.775% of the principal amount for an effective yield of 4.678% per annum.  The total net proceeds of approximately $742.7 million from these offerings were used to repay all outstanding borrowings under our acquisition credit facility, and the remaining proceeds will be used for other general corporate purposes and working capital, which may include additional property acquisitions.  Interest is paid semiannually on the 2023 Notes.