Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events

Subsequent Events

10. Subsequent Events

Subsequent to March 31, 2014 the following events occurred.

Real Estate — Owned Properties: We funded $2,438,000 under ongoing real estate investment commitments. Accordingly, we have a remaining commitment of $41,833,000. See Note 2. Real Estate Investments for further discussion on the acquisitions, pipeline agreement and commitments.

Commitments and Contingencies:  We funded $344,000 in capital improvements under a $12,000,000 mortgage loan commitment.  Accordingly, we have a remaining commitment of $11,656,000.  See Note 6. Commitments and Contingencies for further discussion of capital improvement commitments.

Equity:  We declared a monthly cash dividend of $0.17 per share on our common stock for the months of April, May and June, payable on April 30, May 30, and June 30, 2014, respectively, to stockholders of record on April 22, May 22, and June 20, 2014, respectively.